Hey Jeff, there's no hot water?

Personally, I'd factor in the cost to put each unit on it's own electric and water meter in my offer to purchase.

My biggest fear is I'm going to be in hot water if someone doesn't get along with me and I have to kick them out and they refuse to leave.

Many banks have what they call an "overlay", where they apply stricter standards than Fannie & Freddie.

They are not uncommon and are a great strategy for under water properties.

Long enough to have to replace a roof, hot water heater, A/C, etc.

He paid for all things, utilities, cable, garbage, water sewer, internet, maid service, lawn care.

It shouldnt be that hard to get that done.Most lenders dont do an escrow hold back any more, because the only way that they have to assure that their collateral is up to their standards to require it be done prior to closing.

It's a great self-motivator - it's a lot easier to say "right, next property pays the water and electricity bill" than looking up at this mountain of what it takes to become financially independent.One way of approaching reaching your goal while not accumulating too many properties is this:- Figure out your comfortable living expenses, plus some money to continue investing once you're full-time.- Figure out how many properties that would take, if they were paid off.

If its a SFR then you should be able to find standard fire owners policy.