Give them a certain dollar amount that will cover the utilities most months and if they go over they pay the difference.

I enjoy answering questions about tenant relations, if you ever have any.

My thinking is that I need to create a set of business accounts using my name as the owner and flow my income/expenses on these first two properties though those accounts and then have a separate set of accounts for the LLC activities related to any new properties.

I am a real estate agent that covers the Boston and greater Boston neighborhoods.

I fixed it up and am now renting out two rooms in it, bringing in $1700/month which covers a lot of my mortgage.

I would think you would only do calculations based on what you plan to do to the house, but I am curious what others thinkI haven't had to worry about this yet, because my properties thus far are relatively low end homes.

It sounds like you have a great portfolio already started.I really enjoy answering tenant relation questions, if you ever have any.Have a super weekend

It's not Board of Health approved yet.

There are other things as well but those are generally real-estate related jobs rather than investing.

While an insurance policy may cover your defense and potentially cover the actual damages of your tenants, it cannot and will not cover punitive damages.