The reason is management of large properties requires serious expertise, talent and it’s a completely separate and different business. 

You'll want to verify things such as separate water meters so make sure you account for that. 

Could get more if updated and has the potential to be subdivided one day into 2 separate 1BR apartments because it's huge.Gross Monthly RentsAt closing - $1450After stabilization - $2420After I move out - ~$3700ARV - ~400k.

If your duplex has separate meters, then the tenant should have the utilities in their own name.

I ALWAYS have separate pros inspect the roof, HVAC, structural (if something is seen that warrants it), sewer main (or, septic, including separate sewer scope for drainfield AND perk test), and water well (bacteria and pump flow, etc.), if not on public water. 

So from looking at it, how do you separate the expenses into different projects?

We all know NYC is insane with separation of trash/recycling and loves to issue fines.How much do people on here pay for trash sorting/ taking to the curb per month for a 2 family? 

A separate bank account that you only use to pay contractors and accept rent... 

I wouldn't give them anything else as collateral, especially a completely separate business.

., and it has a separate mother in law/studio with kitchen, laundry & garage that will rent for $500-700/ mo while I rehab it.. much appreciated,