I use a scoring system that helps me get the top application identified, and I concentrate on that one until they prove themselves out or not.My applicants gain points for holding the job for a year or more, lose points if they have held it 3 months or less, gain points for having lived in the community for five years (to me low risk is they have been commuting, but moving to commute often backfires in my area), etc. 

I do all my own repairs but would be contracting for big jobs.Here are the details:Sales Price: $299.9 (working comps)Total Income: $3.3k (rent) + $325 (other) = $3.7kTotal Expense: $2350 (mortgage) + $400 (Water) + $409.8 (Vac) + $372.5 (Repairs) = $3.5kCash Flow: $192.75Annual Cash Flow: $2.3kDown Payment: $0 because I'd try to solely do this with HML upfront and then refinance in 6 months with bank.

I just replaced the roof cause it seemed there was water damage.

I'm specifically worried about the water and sewer, which are connected to the house, and which those companies have already threatened a lien on the property for past tenants who also never paid.

I am about to break ground on the remodel of my home and am building an ADU over my garage for the same property.My question is....is it worth spending the money to separate the utilities or just have one water, electric and gas meter?

I got a SFR that tenant pays for water.

The key is the clicking system.

Are the rooms assigned rentals randomly or based on some sort of specified system?

Unless you can invest 20+ hours per week and will invest $5-$10k getting setup with website, systems, marketing etc and looking to do 20+ notes a year then I would recommend JV’ing with someone.

Joe Ort I only have 2 data points...One beat projections and has cash on cash returns of about 25%.The other has had all sorts of water issues in the basement and overall has been cash flow negative.