The seller is really taking on less risk, especially when this will only be for a few months.There were many construction/CFD folks that came to me to do deal as the buyer and seller and after talking to them explaining the deal (and with the note being serviced) both were more agreeable doing a note and DOT.

. :)BTW, I'm not going to address Jon's question above as he addressed it to Grant and I'm not going to speculate on what may have been done or point out the ways to address Jon's concerns, Grant can explain without my being involved. :)

You know, that could explain his coming in with guns blazing, he may have read some of my posts and decided he just couldn't take it any more....

If not, please explain your situation.

Long story short, I bought my first multi family, a duplex, and was in the middle of rehabbing it when everything went to hell.I was having major electrical work being done, had a licensed electrician and pulled a permit.Inspector comes in, see's that there is new plumbing and notices my handyman, who is not a licensed plumber, is installing a toilet and some other minor plumbing stuff and shuts us down.Fast forward a few weeks, I meet with the state plumbing inspector and he explains the rules about who can do what with regards to plumbing.

Could you please explain briefly the above scenario?

Sean Terry (Flip2Freedom) has put up several webinars that are free and explain in detail how he approaches sellers under various circumstances.

., the % of the bill paid by a person occupying a one bedroom unit will pay a smaller % of the overall bill as 4 persons occupying a two bedroom apartment.Here is an article for your review:http://www.multihousingnews.com/news/national/increasing-revenue-not-rents-with-utility-billing-systems/1004044409.htmlAlso, if you choose this type of plan, you will need to revise your lease agreement to explain that monies paid are first applied to the utility bill and the remainder is paid for rent.

If it were me, I would contact all my clients, explain the situation and tell them I was checking on the legalities and would be in contact within a day or two with answers.

@Dion DePaoli,I should have explained because most people would not understand.