Are utilities paid by individual unit tenants?

Use individual leases to reduce risk, screen tenants carefully, and set clear rules about noise and responsibilities.Good luck!

Adjust return based on holding time and risk reward.

That was not as rewarding experience as the first responder.

I’m here to network with like-minded individuals, share experiences, and grow my knowledge in real estate investing.

**Risk and Reward** - If the engineer or developer is assuming some risk (such as project financing, delays, or cost overruns), their higher percentage may be justified

The type of your business or the fact that you are paying them as an individual does not take away the requirement to file 1099s." 

Start with your primary, rent out any spare bedrooms "house hack"Use that to practice upgrades, kitchen, bathroom, curb appeal... etcNow you have experience as a landlord and flipper, use that to buy a distressed propertyAdd 40% equity to the property through home makeover, refinance into a low cost mortgageNow you are cashflowing a healthy margin on a second property, use that to build equity over time, cashout later and buy your duplex/quad.If it's going to take you 10 years to save up a down payment for a small apartment building, yeah it makes more sense to start growing your portfolio with cheap SFR flips instead.Every market is different, every borrower is different, every property is different, it would be ill-advised to recommend anything without recognizing the individual's nuanced goals and objectives with their next acquisition.

Only an experienced individual or professional should try this.

If I were to go this route I would clearly identify each of these risks individually, understand how the Govt would potentially challenge each of them and then assess in your particular fact pattern how you would effectively rebut a challenge to each.