If you're doing property/investment analyses beforehand (and you should be), factor in that you will be paying rent (and possibly some or all of the utilities) to the LLC, and that the LLC should be paying you for managing the property.

I may have broken the cardinal rule by purchasing a multifamily mixed use commercial/residential property in Michigan that has shared utilities AND electric heat.

And that's a pretty common attitude out here.

A common exception is leases for three years or less. 

Based on this, I might change the toilets to the more efficient ones that uses 1.6 gallons per flush.By contrast, for my SFR located outside New York City, we have various municipal water utilities.

The Basic Allowance for Housing (BAH) which is basically a stipend the military pays to service members to cover the cost of housing generally covers the rent and often times utilities and military folks are willing to use that to cover rent. 

A triplex around the corner is fully renovated on the market for 1.1 million, gross rents of about $6,400 and we are a two hour (with traffic) commute from SF.I guess the alternative would be to deploy that 100k across more than one property at a time utilizing financing (i.e.

@Jeremy MarshallIm a fan of gas and a central hvac system but that is common here. 

He suggested a Partnership called "Tenants in Common" as a way that you keep control no matter what you contribute on a property's price and have different agreements with all Partners regardless of their percentage of their contribution of the purchase price.Whatever you do just be careful, understand it, and feel good about the Partnership or anything put in writing that's a business liability of your personal involvement or responsibility whether it's monetary or not.Good luck to you!

The bad: the park is about 45 years old and most of the utilities are from that era.