If the water bill is $100 a month, increase the price by 20% (or whatever you decide is fair) to compensate you for the time required to split and bill and to cover additional use when tenants squander the utility.

STR's are risky, local regulations change, the economy goes bust, or the area your buying in become less desirable over time and your running into issues.

Success in the real estate industry requires a strong team.To comprehend the characteristics of your target location, go out in-depth market research.

Service based businesses are much easier to scale and have lower capital requirements. 

In Maryland, a Legal Agent is required if the Rental Property Owner resides outside the State of Maryland; including nearby D.C., Virginia.

Most city/county regulations want no less than 1 million in liability, so we require that for any clients.

There is also a Bank statement loan but that would require 10% down where they use gross deposits instead of income/taxes.  

Is there anyway to bypass any of the requirements? 

ChristianIn some states you are required to be licensed or to be a real estate agent to manage other people' properties.

The wife's credit rating came in at 751 which is one point above our requirement.