Curious about strategies that others in my situation with similar goals are utilizing to get there?

For a perspective on dates, he signed his new lease on the 27th of last month which didn’t end util the 30th but she has yet to sign.

@Damon HolleyAs noted, there is no way to utilize funds from your IRA in any way associated with the purchase or rehab of homes in your mother's or grandmother's name. 

Purchase price: $50,000 Cash invested: $12,750 Came with tenant, i pay the utilities. profit around $300 per month

As per my numbers its not feasible right now to lease out but eventually we might get better numbers , so leasing may not be our option.This land is 17000 sq ft and like a triangle also needs some serious prepping to utilize the lot fully.

Utilities if paid by landlord.

I would try your utilities as well.

Hi BP Gurus / Seniors,I am new to the REI and placed an offer for my first multi-unit property.Here are the details.Area: Near by Shabbona Park, DunningNumber of Units: Legal 3Built: 1950Price: $455,000 ($450k (purchase) + $5k (Minor repairs: Nice to fix but not an immediate need))Loan Type: Conventional (20% down & 2.5% interest rate)Annual Gross Rent: $38,400 (Tenants pays Electricity + Gas)Annual Expenses (Property Tax + Insurance + City utility): $10,000Parking Space: 3 (Garage – 2 & Side Pad – 1)Other details: Exterior Brick, free laundry in basement, all units occupied and it is a turnkey property.Pros: Steps away to CTA Bus Stop; Good Elementary school (PK-8); Walkable to Shabbona Park Recreation, Restaurants and Grocery Stores; 10 mins drive to Schiller Woods; 15 mins drive to Airport & low crime to visit the property any time confidently.Cons: Below average High School & 20 mins CTA Bus to Blue Line.My Situation: I will be in Chicago area until next Summer and relocate to Texas.

In your expense estimate be sure to include property management (even if you self manage), maintenance/repairs, vacancy, utilities, lawn/snow care, insurance, taxes.

I was wondering if I should look for a duplex that has a master meter and a sub-meter, or split the utility bill in half, or implement the RUBS method....