HOW TO SHARE UTILITIES 101You have a property with two or more units and the utility meters are shared.

Utilize tools like BiggerPockets for resources and calculators, and consider creating a simple spreadsheet to track property details, budgets, and timelines.

So all in all, the investment seems solid to me, and this is not my first rodeo, as they say.As for the risks associated with the SBLOC, I minimize those by only utilizing a portion of the LOC so that even if the market drops another, lets say 30%, the risk of margin call is slim.

I’m looking to connect with experienced spec builders who have utilized hard money lenders, private money, or even grants to fund their projects.

In Chicago you request a CHA Burden sheet and that gross number minus utility allowance will be what you get in addition to making sure bedroom size is adequate.  

Utilizing my relationship with a great local lender I started the process of getting a secured line of credit set up against the 3 unit so I could pull most of my money back out.

We are still doing a ton of fix and flip loans there and the numbers make sense for the banks.

@Alecia Loveless is correct--tenants need access 24/7 to their electric service panel, water and heat, assuming those are individual utilities for each unit. 

If you join the GYM and don't go, you wasted your fee.The normal entry to the program is at one of the three 2-day Rat-Race to Retirement (R2R) events each year (March, July, & Nov). 

Pop into the forum just on flipping and you will get a ton of value just from reading.