Some of the things to consider, how many gas/electric meters are there?

I added a water meter so that I can determine the individual tenants usage and informed the tenants that they will be paying for actual usage instead of a set fee.

Sounds like your poo-meter works pretty well.  

I must say it is a great feeling to watch your meter spin backwards on a sunny day!

She had her boyfriend tap into the electric meter somehow and they caused $1,500 worth of damage that the owner had to pay for. 

adding meters to the current 2-family property in question isn't an option cause of crossed water and electric lines between 1st and 2nd stories, and a single water heater.also wondering how long of a stay do landlords allow before a guest is considered a occupant?

Everyone has a different "right" meter. 

4- Finally what price range / square meter / type of property (house VS Apartment) would you look for. you as an investor that will appeal to the Market. 

Ursula B My thoughts exactly...such short notice of the change.KyleFrom the outside of the house it looks like the meters are in order.

But the main reason is that the flipper actually fixed the property and raised the rents to the highest point possible (and convinced the renters to pay for their own water--despite there being only 1 meter).