We owe $349kHer house value according to Zillow (since we haven't had appraisals done yet): $754k needs major work (we are ok with the work, it comes with the land we want as well and that has huge value to us) She owes around 60k (I think)My question is more about how to go about the legal piece of this.What are some options to make sure both parties are covered legally?

That means I have to make sure that rent can cover all those expenses over lifetime of the property.

Losing pmi didn’t cover the difference in new rate.

This will save you the time and aggravation of having a commercial account (since the utility is not in a living space) with deposits and monthly connection charges, etc.I offer a $10 monthly credit (via addendum) which is more than enough to cover the electrical usage many times over, and my tenants appreciate the transparency and the slight cash flow on their end.Our local utility (Nat.

That way we would have all bases covered regarding the flips.

But most of the people who were being foreclosed on were home owners not investors.So to protect yourself, make sure that you can cover payments when vacancy goes up and make sure you are cash flowing enough to cover expenses still if the rental prices dip a little and save some of the cash flow for an emergency fund - maybe 5k per unit. 

after 2 months wasting time and had move out before i could refi with quicken loans they quoted me 60 LTV for my rehabbed 3 unit. seems low for 720 credit score and noi per month of $1300ARV is $195kput 35k into it fi...

Nevermind, finally found the information about this on here, already covered.

Basically if you have ever been evicted I will not rent to you (assuming I find out which we do a credit and criminal screening). 

That should cover one months rent.