For the tenants that will occupy the empty unit in the not too distant future I can make my own rental agreement, in particular, I plan to let them pay for the water as well, and I will set a reasonable security deposit.But for the tenants in the currently occupied unit:1) Would it be possible to write an addendum to the existing rental agreement to require the tenants to pay for their portion of the water bill?

My initial plans are to apply over at Boeing to keep my w-2 income rolling in so that i can get my real estate career off the ground.

Hi,I am new to RE Investing and would like to check if following numbers makes sense or am I missing anything:Property Details : 3/2 TownhomeIncome: $2800Expenses = $2700 (approx)Here is the break down.Mortgage + Tax +Insurance = 1800HOA = 265Vacancy = 5 % per month = 140Repairs + Cap Ex = 200PM = 10% per month = 280Total Cash Flow : $100I can get greater cash flow if I manage myself but I am not planning to do it.I am thinking of getting HELOC and buy a new primary residence and rent this one.

Then once things are dried out, you can work with your contractor to continue with your prior plan for renovation and also add in repairs from water damage.

I have to ask - do you plan to go there in person, at least a few times? 

Kevin moves in with his girlfriend and is extremely communicative from day 1, proactively keeping me updated with his move plans and the like.

Like I said in my post, I am planning to use the capital I get from wholesaling to invest in a property down the line.

That's a smart move you're planning with the STR and bonus depreciation.

Be as detailed and specific as possible when mentioning your future plans, current operation/experience level, ongoing projects, etc.

As long as you have zero in the deal, zero buying and selling costs and no buyer will find any problems with the deal, your plan is to make $5k from a landlord that doesn’t use a realtor or lose $25k from a flipper?