Basically the owner gets the bill from the utility company and pays the bill, then they use a different company to take in the data from all the submeters collected from the BMS system to write their own bills to the tenants to get reimbursed.  

Although, it would be helpful if she could provide some verifiable data about how many applications she gets when she rents a property, what percentage of evictions vs good stable renters she has had.

I am currently working on structuring my organization to ensure I am protected moving forward.  

Conventional lenders want to see operating data that supports the loan. 

Home Prices Are Surging 13 Times Faster Than WagesSource: BloombergIn yet another troubling sign regarding the affordability of homeownership, new data shows that the growth in U.S. home prices is beating wage increases 13 to 1.

It has to be a strictly arm's length investment, and most self-directed IRA custodians will require that you hire an unrelated 3rd party property manager to ensure it stays this way.  

It would be to ensure that the the adjusted cost basis of my property is recorded with the IRS, so that when I sell it (say in 10 years), I am able to lower my tax burden on any capital gains on the sale price.

Where I live, I can go down to the county courthouse and request a data disk that has all owner data tracked by the county. 

You need to run comps off of actual sale data. 

How can I ensure that Land is good for building home.