I have not spoken to the owner yet (but will) but my friend also said that the property has had full vacancy for over 3 years (mostly elderly people), Utilities are metered individually, refrigerator, gas range, washer/dryer hookup in each unit.

With the banks gone, less bids and more individual winners.In 2010, the top winner invested $372,081.27 in total.

Since we measure individual projects and aim to place capital as quickly as possible, this is the best measurement for us.

I feel it adds an extra layer of protection to ensure the area remains in decent shape.

Your not paying extra and you have someone looking out for your best interest.

When an offer is accepted, create 1234 Madison Street LLC with CashBuyer LLC as the owner and then hold the property in 1234 Madison Street LLC.This approach would also add an extra layer of protection and wouldn't require you to submit offers in your own name or make a new LLC every time you want to put in an offer.

I just don't like the extra paperwork.

I seriously think that some landlords (mainly talking about typical private individuals here - not larger management companies) forget about the basics!

Okay the 4 unit buildings when built in 1981 have one meter going in.There is no sub meters.Fulton county water stated that is what the builder requested in 1981.Fast forward to today.Fulton county does not do sub metering for these buildings.The water company stated these buildings only have a 3/4 line meter on one and 1 inch line meter on the others.Water bill has been high.We fixed a bunch of leaks and filed leak adjustments to Fulton county.Water company says they can test meter to make sure it reads right.Previous owner had high readings as well.Some tenants are only supposed to have 2 to 4 people living there on lease.End up having 8 to 10 people and they use the water constantly even with no leaks.Currently we provide water,sewer,trash into the total rent.We have to do it this way because with one line if the 3 tenants pay the bill but one does not the water company will cut off water to the whole building and lien it.Since it is one line into the building even if all leaks are fixed I can't go up to a tenant without proof they are using more water.I can tell tenant with an adjusted lease they are responsible for any usage after 50 bucks a month but they might not pay the difference.My plumber told me of a company that will install individual meters and then bill the tenants directly.Have any of you had experience with these companies?

This cost no more than finishing a room and is worth the extra effort in standing above the competition.