Hey BP,I'm looking for in-house refinance options on two separate properties.

think i finally got to the bottom of it, i took a look at the rent agreements which were finally sent to me, seems like the owner rents the units to the leasing company, and the leasing company then has a separate lease to the current tenants, which of course, they are not letting me see, but that is OK because I can analyze the deal based on the numbers the leasing company is paying and know that when their lease is up I can rent the property for more if not the same figures ??

I would convert to two separate water heaters and furnaces for $25,000.  

It is important that investors understand how a income property actually generates the income.Equity in a income property must be treated as a separate income generating stream on the property and there for draws income away from the property itself. 

We currently are saving that monthly income in an account separate from our personal accounts but I'd like to know the process if for some reason we ever need to use it month to month. 

We currently are saving that monthly income in an account separate from our personal accounts but I'd like to know the process if for some reason we ever need to use it month to month.The next question revolves around financing for future rental properties.

However, you need to make sure you understand you are talking about combining two separate strategies.  

I am a United States Marine and am separating this June for college.

Bill the tenants separate for the utilities monthly.You should probably investigate the cost of setting up separate utilities to get them in each tenants name.

I've asked for them to keep the water and HOA separate for billing/accounting purposes.