(Excluding utilities which I will split w my roommate).Bringing my yearly cash flow to negative 853 dollars per year.Now this is for the first 2 yearsBut after, I plan on refinancing, (any advice on this again would be great), moving out and renting that unit for 650.Adding expenses such as 10% for PM, upping the maintenance to 1,100,Bringing my yearly income to 3,831 per year.Thoughts?

Also, on Multi-family utilities are often broken down differently.

Utilities can vary tremendously.

@James Wright the last two we have done (one is currently in process the other just closed 60 days ago) both were 4.75% 5 year initial term, 5 year extension, with a cap of 5.25%. 

@Jamiel Strickland I started looking into that as an option as well, but was told that it wouldn’t be the best idea being that I am going to be a first time home buyer— also I am very restricted to how much I am approved for due to my DTI ration (student loans)... so I thought utilizing this rehab loan would allow for me to purchase a property less than 100k and rehab it — to still be able to live in a nice home, for a cheaper price.

Each of these entities accomplishes completely different goals.While I do utilize the C-Corp for its tax implications, I generally use the Series LLC for most of my investments.

My rent is 650 a month, utilities and other living expenses were totaling 435 on average.Do the math and that left me $15 a month to pay off those debts!           

She has already initiated processes to transition utilities, services, etc over. 

3) What leasing agreement do you utilize?

Many of these issues come about due to not filing the proper termination form or extension requests.