If you’re looking at retrofitting to separate heating for each unit (like furnaces or mini-splits), you might be looking at a higher upfront cost, but it can shift utility expenses to tenants and improve your NOI.I’d factor in boiler age and efficiency when analyzing deals and if it’s near the end of its life, negotiate a price reduction or a credit.

Or is it better to utilize different strategies?

Greatly increased lending capital by transitioning from a ‘blind pool” fund to a series LLC / syndication model where investors know the property lending deal before committing to any loan and can “pick and choose” whichever loans they do or do not want to participate in.  

Hope this helps...https://www.starkhelpcentral.com/rent-utilities-assistance

They were fine with my score (about 740), but have issue with the percentage of personal credit I am utilizing, so that discussion also petered out.Apparently, I have a lending profile right now, that is not attractive to mainstream lending programs.Any advice?

I underestimated utilities in my early years, so I ensure those are properly captured (electricity, gas, water and trash).

Does everyone else find it odd that @Dutch Mendenhall has been an active participant on this site for years and he goes silent while @Brent Mendenhall picks up the pieces? 

Sometimes you need to turn down applicants even though you have not picked someone to sign with yet. 

Some expenses, such as utilities, property taxes, and interest, incurred during this period may also be capitalized.

S8 standard voucher amounts INCLUDE all utilities.