I'm not an expert, but I've been doing some reading(dangerous), but since you're new, I imagine one LLC would do the trick.

Best practice is to make the call to change the utilities at lease signing, together.Be aware that tenants without electricity sometimes do dangerous things, like use candles for light, charcoal/gas grills for cooking (sometimes inside!)

Alternatively, you can itemize on the following:Maintenance/Cap-ExProperty TaxesInsuranceProperty ManagementUtilitiesLandscapingMonthly Income - did you include vacancy in this or no?

@Allende Hernandez I was looking for this same item last year.

For starters, my biggest concern is that your vacancy rate is trending dangerously upward.

You can get hit with big CapEx items that'll gobble up your cash flow for some time.The value of SFRs isn't based on anything in particular, just market sentiment.

Put items on it daily!

Has significant emotional upset with regards to this property and a series of previous contractors stealing money and doing poor work.Potential Total Profit at outset: $25,000 - anything I loan to investor 1's entity (after 10% sale & closing costs & concessions)4 weeks later / progress to date: I've spent/loaned $10,000 and worked 100 hours at the property to check items off what's needed before we can list the property on MLS.

During inspection, a water test revealed a dangerously high level of lead in the well.

What other items on here that require more labor dollars could I possibly knock out myself?