Hi,I've got some clients looking at buying multi-family properties but a few of them don't have separate meters for power, in particular.  

Always give a rent discount instead of a security deposit discount (the SD is the main power you have over the tenant if things go south -- make sure they have enough skin in the game).

Plan A is refi/rehab/rent, but I'm open to other options should they present themselves (if someone were to bid the full Foreclosure auction price I'd be ecstatic!). 

I did want to point out that I wouldn’t call it useless as you are spreading out an expense over multiple periods which can quite powerful in offsetting future returns and thus reducing taxable income.

But if you scroll down a bit, you'll see that's incorrect due to an exception:IRC Sect. 1400-2(e)(1) In the case of any investment in a qualified opportunity fund only a portion of which consists of investments of gain to which an election under subsection (a) is in effect—   (A) such investment shall be treated as 2 separate investments, consisting of—      (i) one investment that only includes amounts to which the election under subsection (a) applies, and      (ii) a separate investment consisting of other amounts, and   (B) subsections (a), (b), and (c) shall only apply to the investment described in subparagraph (A)(i).The (B) subsection is the killer.

For example, if you bought a generator that is kept at the rental property in case it loses power - it's a good business deduction.

@Warren Johnson A Reverse 1031 Exchange can be a powerful tool if you have already found your replacement property but have not yet sold your relinquished property.

But if it works for you man, more power to you!   

Do you prefer hardwired or battery powered?

(Andy, I talk about your project a lot in my speeches) :)Another thing homeowners run into is issues with their garages being too close to high voltage power lines.