If the regulatory authority declare the seller to be your client, then by attempting to purchase at a low price you are violating fiduciary responsibility.

I doubt any judge will accept any method you come up with for charging for utilities with out individual meters.

How do you judge exactly how much cash you set aside for this trio?

It should be mandatory, mentioned as such in the lease and within a specific time frame after the lease signing, a copy of the declarations page naming you/your company as other named insured should be sent to you. 

It has to meet code and that itself is a process- if you don't get licensed and attempt to evict, not only will you get fined for not having a license but the judge will throw your case out. this was another reason I was thinking of taking the buy and flip road- the strict tenant laws here in MD/DCfor educational purposes- check it outhttps://dc.curbed.com/2017/5/23/15681204/tenant-law-bill-of-rights

I had a high paid IT job, then later bought some businesses where I claimed little income for myself and used the deductions held in the holding account to offset the small income I did declare.

Maybe she can declare bankruptcy?

@DeJarian Dickson Graham, since you mention no running water you may also have the possibility of having them out immediately by going to the local code enforcement office and seeing if they will declare the unit uninhabitable because of the lack of water. 

This way you will be in a better position to ask for mentorship and judge who would best fill the role of mentor for you.Best of luck,John

The complications of capital gains may get icky because it’s up 120K and we’ve declared a loss some years.