LolAnd I can tell you with 100% certainty that there are cases where WB lost 100% of his investment, becasue I worked at that company at the time and I was in corporate finance...

Are there any creative financing strategies for this that I could use?

But my question is that we are concerned this will seriously detract from potential renters and I was looking to see if anyone had dealt with something similar or had any creative solutions to the problem.

Pick a very specific target segment and market creatively !

Always looking for creative ways to do this kind of thing.  

That will accomplish the same goal of increasing net income, but you will likely find that it is easier than trying to come up with a creative way to bill for private sewer.You are on the right track to look at submetering the water.  

.:) can figure out an alternative deal structure then I'm sure we can close this deal and work on others.If I cannot figure out a creative alternative to his current 50/50 offer then yes I will have to walk.

You will probably need to do that for 6-12 months before getting a multi family property (though there are always creative alternatives).

I am pretty motivated to work hard and I am naturally creative but perhaps I have to work on my business-ideas creativity. 

Last year we found a home in our neighborhood that offered creative financing through a low down payment and VA assumption at a low interest rate.