Then there's typically expenses like lawn maintenance, snowplowing, common area electric costs, the water bill and garbage pick up. 

They no longer allow this on investment properties because fraud was too common.

Originally posted by @Daniel Mears:@Jay HinrichsYes done it many times Wow congrats  I have funded clients in some markets that have gotten close to that but its not a common thing I seeI just funded an 8 pack for one investor and I think out of the 8 one of them might have hit this it was a 3 plex. 

Common projects are large multifamily apartment complexes focused on a value-add strategy to reduce risk, taking Class B products and improving them to Class B+ or A equivalent.

In multifamily value-add investments, common risks include:Not being able to achieve target rentsMore tenants moving out than expectedRenovations running behind scheduleRenovation costs exceeding initial estimates (which can be a big deal when you’re renovating hundreds of units)When evaluating deals as potential investments, look for sponsors who have capital preservation of the forefront of the plan and who have a number of risk mitigation strategies in place.

Utilities - is that just for common area heat?

I think this is a classic example of the need to balance the rights of property owners with the common good.  

You know about bookmatched veneer, I'm impressed.This doesn't seem to be common knowledge among most people.You get a 10 for bringing up this angle. 

@Karla TorresThe true expenses may be low due to the leases being NNN with CAM charges to the tenants to cover taxes and insurance and other common area maintenance costs.

I've done some reading and seen things like"Common council unanimously passes rental safety verification program"https://www.abc57.com/news/com...But I've also seen"New Indiana law strips cities of power to regulate rental properties"https://wsbt.com/news/local/ne...What is exactly is the current situation?