I have searched far and wide for a company that provides a simple to use submetering system for water, electric, and heat, unless you have a 50+ unit building.

The higher your score, the better your rate and I doubt they mention the self sustainability requirement for FHA when it comes to 3 and 4 units until you get pretty far into the transaction.You need a decent broker that can help you navigate the mortgage waters; not a bank or a clearinghouse because they don't have the breadth of products you need.  

I recently got into the rental property game in urban Indy and I've been drinking from a water hose the past year.

When I show up yesterday evening to inspect the problem and check for water damage etc.

A lot of water damage to the entire subfloor, the bathtub was tiled, but not sealed properly and black mold was around almost all of the grout.

Landlord paid hot water will require you to install individual hot water heaters and run lines.

Other coverage to discuss would be Water backup and equipment breakdown.

Location is prime and has lots of water, wild life, fish, birds.

Your capex budget for a condo will include appliances, hot water heater , floors, maybe hvac, bath and kitchen remodel.

I would also add in some number for "reserves" on a monthly basis for each unit, perhaps $100-$150 per unit per month to start; you want to make sure you have some funds available in case you need to replace a roof, hot water heater, etc...