Along with the pay down of the loan, we have enough equity to refi cash-out and invest in additional properties while continuing to stabilize our current property through increased rents, utility billing back and additional units.Question: Currently, we have an owner-financed loan at 4.6%/20 year 5/1 with a balloon 07/2022.

For example, if I locate a property that I'd like to BRR, how would hard money be utilized in that transaction?  

I'm wondering if all of you amazingly helpful and smart people out there have any advice on this or maybe another strategy to best utilize the equity in the case I am fortunate enough to be able to help my uncle out and ramp up my business at the same time. 

Tenants are typically responsible for all utilities (water/sewer/garbage/power/gas) for single family homes. 

Common options are cash, personal check, money order, online payment, etc.

Similar apartments nearby are around $2000 a month, but they aren't like ours- ours is a top floor corner unit, hardwood floors, new appliances, overall it's much nicer than other ones, plus utilities are included, unlike other places.

Also if you are coliving with your tenant, make sure you clearly write out what the responsibility of the tenants are (who takes care of the yard, common areas, utilities, etc.)

I have a question in regards to HML and utilizing it to get a triplex under contract using a "cash offer" as the owner is looking for a strong cash offer. 

His lease-option idea is a common way to run Single Family properties and many times people will not take the option. 

Specifically in my area, this is extremely common.