Good in the long term so I didn't have to worry about the utility bill but like you mentioned - high upfront costs and time consuming. - Equal Splitting (ratio utility billing) - What I've heard from lawyer friends who practice real estate law is a trending spike in resident issues.

However as a seller, Selling your home in the years 2008-2012 was not good due to the glut of homes on the market because of so many bank foreclosures. 

So the thing about the roof is that it continues down such that it's much lower to the ground than the third floor windows. 

They are friendly tenants, They call us immediately when there is a problem, and every time either of us is over there, the house is very clean and there are no odors...

Our contractor mentioned that there's a possibility of adding an extra 1/2 a bathroom to the upstairs floor, turning the property into a 3br 1.5btr.When we asked our agent his thoughts, he mentioned this wouldn't increase the ARV of the property much as we're already maximizing the ARV in the area.Would love to hear from fellow investors in the area what your thoughts are here, not only from an ARV perspective but also by how much could it potentially increase the rent value.Thank you so much! 

They have a learn as you go mentality as far as training goes so I feel you need to be a bit more self-motivated starting out as opposed to if you worked for a more well-known brokerage with a more formal training program. 

What will you do if the bank finds out and calls the loan due?

So would appreciate any kind of thoughts

We came across a company called Seek Capital because, unlike other companies, they are willing to approve setting us up with lines of credit based on my wife's credit score and do not require a high monthly revenue like other companies. 

Everything was reinforced with extra beams, so we just didn't make it look pretty since it's in the attic.