So, if the rent AND this bill are not paid the balance is "unpaid rent" and you simply evict for nonpayment of rent which is cookie-cutter. 

I'm primarily working on fix and flips around South Bend and Elkhart, and I'm always looking to fine-tune where to best allocate funds.

Additionally, you might want to consider working closely with your local Public Housing Authority (PHA) to screen applicants more thoroughly or negotiate higher payment standards for better tenant placements.PS: Something that may help you: Baltimore recently passed the Tenant Opportunity to Purchase Act (TOPA), which aims to strengthen renters' rights and provide better engagement between landlords and tenants.

The calculations, to me, seem to be working and align perfectly with the theory, but I’ll check again in the morning. 

I currently work in the Information Technology sector as a programmer analyst and am looking to start this exciting adventure toward financial independence using real estate as the vehicle.  

People either take pride in their work and do a good job or are just chasing a paycheck.

The main house is ready for rent, while I'm still working on getting the ADU ready. 

Are you working with an agent on this deal?

Call Stewart Title or Chicago Title and ask them if they work with investors. 

Keep learning and work on improving your credit over time to expand your options.