@Justin Sullivan Lets flip this - how would you feel if your utility company kept charging you $50 for a service you no longer receive? 

So as you can see he has been living there without paying a dime for close to 2 years (and not paying the utility bills either)  We had intended to go the eviction route but gave him three options 1) Vacate the property within 30 days and when we have access and a vacant house, we would pay him $2,000 (Cash for Keys)2) Buy the property from us and close in 30 days ($10K over what we paid)3) Go through the eviction processWe have him three days to make a decision as to which option he wanted to pursue and he indicated he was trying to find the money. 

Preferably, units would have separate meters for utilities to be paid by each tenant. 

I'll have a bit more money that I can then use to invest in other properties; hence being able to utilize all the tools BP pro has to offer.

I also have a landlord account with the utility companies so I made sure to have it default into my name once tenants left.

You start getting into roof, structure, parking lot, utility lines, etc. it acts almost like a gross lease even though called a NN.

Once it's done, I have a partner to bring into the company and then we will need figure out our crystal clear criteria and where we want to take the company and how we will best be positioned to utilize OPM for future opportunities...On the coffee side, I really want to figure out a good metro area for a test.

Utilize the now open equity in Home 1 to leverage a new property.If I am thinking of this correctly wouldn't opening the HELOC on home 2 lower the tax liability on the sale of the home?

Purchase price: $44,000 Cash invested: $50,000 Converting a 4/2 into a duplex (2/1 each side)Medium rehab, most challenging aspect is separating the utilities, should rent $750-800 per side.

Thats reported similarly to a credit card in that if your utilization is a high ratio, that would create a negative.