I wanted to keep the tenant in place since the tenant is a model tenant in every other way, and will most likely live in the unit until he passes someday. 

My original plan is to do one BRRRR investment and then show that the model works to potential private money investors.

So, I guess it depends on you and your business model - If you have been watching HGTV for several years and want to give flipping a try, I would say you are in an excellent position to lose your A$$.  

Or the ones who can't ever pay rent on time, yet have expensive smartphones, enjoy the deluxe cable TV package, and drive fancy late-model cars?

I am in discussions with the current bank that holds the mortgage, and I am trying to put together a LRP (loan request package) to send them justifying the new requested loan amount.Does anyone on the commercial lending/underwriting side have a template or financial model they use and can send me?

Banks don't like speculation and don't understand this business model.

Now, that you have the cash you want to make the wisest investment possible so you can maximize the return on your investment.As stated in a previous post, a good investing business model is to double your investment capital every 1 to 2 years, or to earn 50% to 100% on my money every 1 to 2 years.

@Rob JonesHi Rob I could tell you the right thing to do and then I can tell you what the legal thing is in my opinion the right thing to do would be for the property management company to somehow come up with an agreement to either reimburse you fully or help split the the cost of the utility bills.I will say though that legally it is your responsibility as the owner of the property and it is probably written in the management agreement that you are ultimately responsible for utility bills. this may be a good time to have a conversation with the property management company and make sure that you guys are on the same page and have the right expectations for your business model and if not this may be the time to part ways 

If so, do you have any recommendations for buying those(type, model or anything that you find valuable)? 

I am going to find enough people and or money to buy properties based off of GC’s model because I can copycat him to make up for my lack of creativity, being new to multifmaily investing myself.