Again, keeping in mind that this is a small duplex, as the landlord I'd rather not pay an extra $40 a month for standalone internet/cellular service.Which leads me to my question -- insofar as the submetering system could function through a tenant's cable internet service, is there any legal prohibition on including language in a lease to require that a tenant maintain such internet service for the stated purpose of monthly water readings?  

Essentially, a “subject-to” contract is a purchase contract that includes a clause stating that the home sale is dependent on the buyer or seller meeting a certain stipulation.

After deducting all expenses, including the time you spend managing / cleaning / repairing / etc., are you making more money than you would as a long-term rental?

A good realtor should be able to negotiate things like closing date (on maybe the 6th or 7th of the month), seller carry back if needed (or useful), personal property to be included in the price, closing costs, buyer credits back for items in need of repair, home warranty, the list goes on.  

If the partnership is set up using an LLC then the LLC would issue K-1's based on the ownership percentages and it includes guaranteed payments to partners for loans. 

Borrowers from participating FHA-approved lenders are eligible for 100 percent financing, including closing costs; Making insurance available for both mortgages and home rehabilitation – HUD's Section 203(k) loan program enables those who have lost their homes to finance the purchase or refinance of a house along with its repair through a single mortgage.

Market was at $1200.I managed to rent out the vacant unit at $1300 including $100 water garbage sewer.Starting this September, i increased the old tenant's rent to $1025 including $100 water garbage sewer.

Yes, Notes pay for everything for me, including some debt.

Additionally, I did not see you include any Holding or closing costs in your data.  

@Corey Collins, in your example of ARV = $170k (which is determined by your Refi Lender's appraisal), your ALL-IN cost (including rehab) should be no more than $119k, because you can't count on getting higher than a 70% REALISTIC Refi.eg.