@David W.This is very common...pseudo investors are often part of daisy chains. 

It looks like I can learn a lot here and meet lots of people with common interests. 

Very little common grass to mow. 

Saw this today:

http://www.federalreserve.gov/econresdata/2014-report-economic-well-being-us-households-201505.pdf

Has some great information in it that investors might find very interesting. Excellent information i...

So say tenant A consumed 60%, he will end up paying 60% of common area as well.Now, a new tenant came in on 1st of May but his meter wasn't installed until 11th May, we agreed that they will pay on pro rata basis.I am stuck calculating the bills now, and will need some major math work.Here is what i haveTotal Bill Amount 75,256 (don't worry, its not USD)Total units consumed 8752Bill Date 29th April to 29th MayVacant Unit in building - 106 Units consumedTenant A 1717 Units consumedTenant B 3541 Units consumedTenant C 2303 Units consumed for 19 days (11th May to 29th)Total 7667 UnitsCommon area 1085If i take 2303 Units and divide by 19 days, it gives me 121 Units a day and multiply that by 29, i will in total get more money from all tenants than combined bill, which is unfair.Please suggest a best way to calculate.

You asked this forum, because his advice defies common sense.many friends have given me bad references as well.Screen your attorneys the same way you screen tenants.

Cost was $209K for the home, about $8K to furnish common area, do a minor stove retweaking and paint a few rooms.

After all of this I ended up with 2 OREO  of course by the time I got them they were stripped not wanting to lose my 50k I had invested in each one I then rehabbed them and tried to sell them to owner occ's on terms.. ( common method pre dodd frank for lenders to try to maximize bad assets) do I dumped 25k into each of those homes put the owner occ's in and they made it maybe 6 to 8 months before they failed. 

It is not a common request so expect it to take a couple of requests and a bit of time to get them to issue the paperwork to you.  

Second, partnering up on a wholesale deal isn't too common from what I know.