Some examples:--Contact township regarding permitting process--Meeting with attorney to draft rental agreement--Contract with construction company that covers scope of work and timelines--Turning on utilities!

Even if the use is authorized, what do codes say about utilities, entrance and access?

Title companies insure from the last insured transaction, called a "starter" and utilize reciprocal arrangements with prior insured transactions"In order to satisfy a title underwriter the a secured debt has been paid and eliminated as an exception, besides an affirmative response from the lienholder, including a demand with a zero balance and release and satisfaction or reconveyance, you can alternatively move the risk elsewhere.

Current owner was smart so the lease requires the tenants to pay all utilities.

My schedule E shows rent income, and after expenses such as repairs, taxes, utilities, etc, I ended up with a net loss.

So we're not committing to anything until AFTER we've had time to verify everything.Regarding costs that we pay out of pocket - Any costs that we (xxx or I) spend out of our pocket (i.e. materials, utilities, insurance, evictions, taxes etc) we would expect to be compensated those costs back at closing.

Vesting: Once the acquisition is completed, everything has to be vested in the name of both owners, (i.e. the utilities, agreements, etc.), else it can be considered as benefiting one over the other.Income has to be divided up-front, i.e. cannot be deposited in one account and then split from there (this is where a property manager will help as the rent can be collected by them on behalf of the owners).Not familiar with a custodian form 490T, would you please elaborate?

. $67PM 10%Repairs 5%Utilities 5%I'm sure I'm missing a few things.

I will be utilizing an FHA loan for my first multifamily and I will need just about $15k more in capital to have a good down payment and 3 months of reserves.

Contacted the local utility for an availability work sheet for the exact property3.