In a situation like that I think you are doing the correct thing in billing back the tenant because the utility is based on usage and not a flat fee that you can bake into the rent price.

There fees are lower than Kansas Secure Title as well. [email protected]

Sure, you'll spend a tad more in closing costs having to pay a settlement fee twice, however, at the end of the day you have the property, and not someone else.I always suggest to our borrowers to buy the property in the name of an LLC, business entity or even land trust.  

Fine for not following this rule is $50 per occurrence". 

My idea of good appreciation is between $600-$1,000 net positive per month (with all $200k invested, a proportionate return for any lesser invested amount).

Had one the other day immediately start badgering me over application fees and having to provide references.

But considering all the expenses (PM, leasing fees, cap reserve, maintenance, taxes, etc), it has been showing as negative cash flow. 

If we did split it four ways it would be over an acre per slice and it does seem to meet all the requirements (such as minimum lot width and road frontage etc.) for its current zoning as a four parcel set up.  

Thinking $199 per year to cover costs. 

His only fees would be the bank fees on the refinance?