I'll go ahead and connect with you so maybe sometime in the future we can bounce ideas off each other.Thanks,Dustin

.), determine a formula (that you can always improve) to determine less fixed costs (maintenance, vaccancy, etc.) vs what you would get in rent to determine if it works for you.

This is part of the reason investors get a bad reputation, from people like your "pro".Finally, if being guilty of fraud doesn't scare you then plow ahead.

However I could finance that buyer at 8% for 15 years and their payment would be $382.26 (Assuming nothing down) or they can rent the house across the street for $850 a month.I know taxes, insurance, and maintenance come into play also but it seems like the buyer should be able to cover the difference, build some equity, and come out ahead.

About the project - We're two weeks ahead of schedule and so far everything is looking great!

We also got a quote on the mold remediation for the basement which we will likely go ahead with.  

They then gave me a conversion formula of 1.10 in tax per 1,000 paid for the house.

I'd have a house on the cleared part of the land but the rest would be left to nature, though I might plant a few interesting trees.

You can develop a formula based on square footage and number of occupants per unit, i.e., the % of the bill paid by a person occupying a one bedroom unit will pay a smaller % of the overall bill as 4 persons occupying a two bedroom apartment.Here is an article for your review:http://www.multihousingnews.com/news/national/increasing-revenue-not-rents-with-utility-billing-systems/1004044409.htmlAlso, if you choose this type of plan, you will need to revise your lease agreement to explain that monies paid are first applied to the utility bill and the remainder is paid for rent.

@Jay LozanoJust a heads up there is a Texas Expo happening in San Antonio on May 31st.