Fha loan, $5000 total got me the keys. 3 bed 1 bath with unfinished walkout basement I live in 1 bedroom, rented a room out January 1 for 400 a month furnished all bills included, so far tenant is good.

Before 2008 it was common for the loan officer to foot the bill and if the loan went through, the fee would be rolled into the closing costs - zero fee from the applicant borrower up-front.

It doesn't leave much profit, but it pays all the bills. 

They have, however, asked if we could partake in Bill Paying Assistance from Denver to cover the gas/electric bills.

I would rather pay my C class property tax bill than the A class bill.

So far Tenants have options in making their rent payments... there are multiple options from a stimulus bill offering $1,200 per adult, to $600+/week offered for unemployment in addition, to state unemployment, to personal loan availability, to LL’s making it easier where possible.

And we was looking for a place to rent and will Roberts had a place so he offered it to us . well at first it was a $100 a month and he would let us know what the bill were and he would leave them in his name and we just give him the money and he wpuld pay them.

Certainly if you felt more comfortable with an accountant doing so, you could also do that.The last thing I would point out is if the tenant asks for clarifications on your reconciliation calculations, then you may need to go back to the seller to get receipts, utility bills, etc.

I was looking at the covid bill just passed, I see loans for small businesses but I am still not sure how much those will help.

We also remind them that the owner of the house has bills too!