Hello All,I am totally new to this industry.

I told myself I was seeking to ease into the industry when I tried to start my own wholesaling gig last summer, when I was really just chasing money.Of course, I got burned out from trying to chase hundreds of leads per week because I was not truly passionate or aware of what I needed to do to reach success. 

As you are a licensed agent I'm truly shocked at your level of confusion on how this industry works.

Yes, this triplex would be financed via hard money, BRRRR'ed and will be utilized for a buy and hold for passive income. 

I am interested in utilizing the BRRRR method to acquire multi-family properties.

We utilize leases, options, land contracts, notes, and mortgages all in different ways depending on what we need to accomplish.

I also add in all of the potential rehab costs (up to 15-20k rehab estimates), thus utilizing little or no of my own money, nearly completely leveraged.When I do that, the cash flow on these properties become quite low and I’m likely needing to reduce my offered purchase price to make my requisite 100/mo cash flow. 

Lots to learn, just like any industry, terminology is a big learning curve!

The units do not have meters for utilities.

Entirely different insurance coverage required.You also need to inform your bank if you have a mortgage, prepare to have utilities in tennats name etc..