Does anyone have experience using an escrow company to facilitate a note pool transaction?

Water/ sewer/ garbage is about the same cost for a 500 square foot unit as it is for a 3,500 square foot house, so utilities become a bigger percentage of total rent and costs with smaller units.Collecting rent is time consuming.

Hey everyone, Hope it's a good morning.For single and multi-family properties do you typically have a gross lease where your tenant pays a fixed amount every month or a net lease where your tenant gets the water, the heat, utilities, etc. and they pay it on their own?

My thought is to convert the house to a 4 bedroom by doing a remodel of the basement and then target a university renter pool.

Houses are pretty cheap where I live but I worry about the quality of the tenant pool.

. - City sewer - City water - I've got a written note from urban housing and development saying that I'm in compliance & would be grandfathered in.Is this a good deal?

City water was there and there was a septic. 

Had some guy send me a reply from one of my post about looking for private money ,said he was with some Alaskan group with a pool of private money investors.

You have to have reserve funds for that emergency water heater, HVAC or roof problem that pops up the day after you buy/lease option the property.

They asked for a new roof, furnace be cleaned and certified, water heater repaired, new basement window, blah blah blah.