It was created an LLC for the building where future owners would be members with appropriate rights and responsibilities especially how the members would split cost of property tax, insurance, utilities and so on.

Get the property - make sure you have insurance and you transfer utilities and all that.

Work with a good realtor and mortgage lender, and utilize the experience to learn about what it takes to find a home, qualify for a mortgage to buy the home, qualify the home for the mortgage through the inspection and appraisal processes and the closing process, will help position you to successfully do things more independently in the future. 

If the water bill is in the tenants name its not your responsibility but you should have in your lease tenants are required to keep utilities on to protect building safety.

I’m planning to utilize several different forms of investing to build cash flow as quickly as possible. 

She broke up with him 3 months ago and has been paying for the rent and utilities by herself because he's now bipolar, lost his job and probably on drugs she says.

Hi Guys,When analyzing a rental property (multi-family properties to be specific) how do you get an accurate number for utility costs?

What's interesting is that the cash used/traced will be utilized for non-rental purposes.

I would ask the owner for the age of the roof, age of utilities (water heater, boiler/oil tank), and ask if/when the most recent upgrades were made to the property.Of course, take the responses with a grain of salt.

@Eric JansonThis is one of a number of strategies in which the underlying theme is to sell, rent or lease the property for more than market value, or more precisely more than cash market value, by utilizing “no qualifying” or “alt qualifying”financing.