I also want to separate the water heater for the units to increase cash flow by not paying for utilities.

or would it be better to back billed the tenants for the utilities every month? 

It's funny they mentioned IPS submitting this utility information; yeah good luck with that one.

I'm trying to structure a deal utilizing seller financing.

Our banker and turnkey company suggested we purchase each property under one individual to make the loan process easier and utilize being able to purchase multiple mortgages under each name.

Include how much money is being invested by your friend (downpayment and the fix & flip costs) who will be managing the project, who will be making key decisions, who is doing each segment of the renovations and spell out specifically all the costs for the flip - including: Money for renovations, taxes, insurance, and loan payments while they own the house, utilities, marketing the property for sale & the agent’s commission - if using a R.E. agent.

For us, when we're looking at properties, wells and septics are a negative as the maintenance and repair of them is a landlord issue vs the public utilities that are paid by the tenants.

Purchase price: $230,000 Cash invested: $26,000 Utilized as a profitable STR with a projected gross annual revenue of 60k.

You also have to pay for the extras (internet, cable, utilities) as well as furniture, dishes and linens.

I am putting together my first private loan deal for an investor and could use some advice...The approach is to utilize the private money loan to acquire the property (down payment, closing cost etc), use my own money to renovate and furnish (very little work is needed, more so cosmetic) and stand the property up as an Airbnb.