@Jon Klaus - There are neighborhoods here in Louisville that creative design would be more appropriate, and almost necessary.

With her current tenant, she should raise the rent an appropriate amount to offset the cost of the water bill on the next lease renewal.  

Also, checking out the appropriate forum categories might help.If you like, you can check this quick guide to learn how to use BiggerPockets to grow your business: http://www.biggerpockets.com/bizSee you around!

But you may be able to time your closing so that one of the leases ends at time that is convenient for you and you have time to give appropriate notice to the tenant that they won't be renewed (here that would be 30 days, I'm pretty sure). 

, so take this with the appropriate size grain of salt.

I use an amazing mortgage broker who understands when it's appropriate for me to go to the community banks as well and actually recommends me to do so depending on the complexity of the deals.

Some wholesalers look for what they call "investor friendly" title companies that won't charge that "extra" set of transfer tax; I don't consider that "investor friendly" because the end buyer is the actual one putting up the money and as such is the true investor - "wholesaler friendly" is more appropriate for that sort of title company.The problem is that the PA Dept of Revenue is auditing transfer tax payments.  

Without those, it's impossible to determine the appropriate next steps...

Not sure if this is the appropriate forum but I came across a very cool info-graphic that I thought BP members might like:http://www.foreclosuredeals.com/wp/2011-rent-vs-bu...It overlays the raise in rents from 2008 to 2011 against home prices.Enjoy!

You can structure it to cash-flow at an appropriate amount.