If you don't specifically address utility charges, just operate on the assumption they are due along with rent and late fees are applied on the same schedule.My lease says that all payments are applied to non-rent charges first (utilities, repairs, etc.) and oldest first.

If you are looking to make this deal cashflow better you could rent it by the room instead of by the unit (I’m making the assumption they are 2+ bedrooms) or at least rent out the other bedroom in your unit if you don’t plan on spending all your time there. 

Are you looking to carry the note on a property you own outright or lend on properties people are buying.You capital gain makes me think it is yours but assumption isn't the best in this world.

Hey @Jon Schumm,Hopefully others can provide if there is a timeline or not, but this is what I found on VA.org's website:VA LOAN ASSUMPTION CHALLENGESVA loan assumption is only possible if the new borrower agrees to use the house as a primary residence.

If any analysis you did were all assumptions you might put yourself into a bad position.

Be sure to ask questions -- do you realize you didn't even ask a question -- instead of making assumptions.

Don't use % assumptions covering the full year. 

I get the following numbers.INCOMETotal Rent: $31,200EXPENSESVacancy: $2,564Taxes: $4,200Insurance: $120Repairs & Maintenance: $2,290Property Management: $2,290Leasing Fees: $1,300FINAL NUMBERSTotal Expenses: $10,201Net Operating Income (NOI): $18,434Cap Rate:3.07%I might be a bit off on some of the assumptions/expenses, but this is a high level estimate on what I expect income and expenses to be.

Assumption will likely have a low audience as it would have to be owner occupied, and most investment minded owner occupied want low down.

So then you're under the assumption that it's doesn't have lead paint.And if I remember right, the EPA has a guide on it's website, regarding lead certified contractors, and the rules around disturbance of know lead paint.