Shut off the main to the building and check the meter to see if its running , if so you have an underground leak . 

If so, how was the experience ? 

He get's principal and simple interest payments over a number of years.I'll manage the deal and the property.Looking to create a proforma for this that would fit a typical rental analysis but insert the detail of having private money cover the DP.

This is not the utility company's responsibility.Your lease should state the tenant is responsible for maintaining utilities.

There has been quite a few reports of folks really gouging the hell out of victims of the fires.

I’m brainstorming ideas on how I can market myself to potential mentors in the STR game in order to gain experience.

Then there’s fraud or misrepresentation, where borrowers inflate project values or provide false documentation.

Maybe your area of Chicago has far lower vacancy than city wide. what does the following depict as profit (50% rule):Profit per 50% rule: Rent * 0.5 - P&I?

What areas do you find the best ROI on your flips?

@Annabelle Rozen  I believe the stability of the rental market within Allentown is rather robust.