The utility statement for the month of June that comes out on July 1st, has meter readings from 04/15- 05/15.But it also has other items which are current to June like common area electric, internet fee, utility billing fee etc. 

The owner lives on site, has owned for 15 years, and pays ALL tenant utilities (not common in Indianapolis).

As his health is failing, I am stepping in and taking over.

Hi All :)I am new to the whole world of property investing and the Bigger Pockets community.It is common to hear many success stories of people with 10+ properties.

Hi All :)I am new to the whole world of property investing and the Bigger Pockets community.It is common to hear many success stories of people with 10+ properties.

Re-plumbing is something you won't want to wing but you can't hire out what you can't pay to have completed.Sometimes we have to catch-up to the opportunity...repair and build your financial health - and then reward yourself by starting this new business.Just one opinion...you'll get a lot of others to weigh in!

A normal FHA purchase means the property has to meet all health and safety code violations.

At the moment you can only terminate a rental lease (even month to month leases) for health and safety reasons.  

@jason chaseWhat your lender is asking for is what we commonly call a "comfort letter".It is a checkbox on their list, and will be scrutinized with the attempt to shift liability to the accounting firm that wrote it should the loan go south and the lender cannot collect from the lendee.The AICPA as well as errors & omissions insurers strongly discourage tax and accounting firms from writing these letters. 

Is that common?