My question is for anyone who is in similar situation in which the utilities is hooked in one meter for the house, how to split the water and electric bill?

@Jonathan Foux I lived in three different neighborhoods for multiple years. 

As a new investor, I'm not sure of the right path forward here and would appreciate any advice you seasoned pros have to offer on this situation. 

With the market and your situation I think it’s a good compromise .

That could actually create a demand situation in a corrective market where rent escalators plus length and quality of lease actually put the DST/TIC into an appreciating position as opposed to the hard real estate assets who are tied to the market.  

The issue is how do we handle a situation where the house is taken out by a storm, or some other insurance claim happens prior to the property being in my possession?

And HELOCs are re-usable, so i can save that 2.5% origination fee for multiple use in the next 5 years.Alternatively I could go learn the typical way and deal with HML, build a network.

Karen provided expert guidance, throughout the transaction, not only to me, but to the lender, the closing agent, as well as the seller's agent. when issues arose, as they sometimes do in our business, and I became frustrated, Karen (the psychologist) helped me stay positive and to understand the situation from the perspective of the other parties involved.

Some will just refinance and have multiple parcels.

Similar situation for me.