This is an easy way to get started, test the water and learn the basics.

What is the process on getting a C.O.Also there is 1 heating and water bill for the whole building.

Then just break it keep the ones you liked and  tell the rest the truth... you were looking for information. i would not see why they would not be cool with it because the big picture was to get you to spend so no matter who you called you were going to spend money on the "Great Real Estate Game".Hope this helps.

We now own 90+ water heaters(or units of sfrs and apartments).

Not all lenders track guideline changes.Most lenders base their knowledge around water cooler chit-chat, which is disappointing but true.Classic Example: The Americans with Disabilities Act, and presumably the corresponding mortgage guideline changes, was like 25 freaking years ago, but I still had an older coworker shocked and assume fraud when I did a loan for a guy on temporary disability.

So even though I didn't quite have the numbers where they needed to be, I made the leap anyway knowing that it was up to me to make it happen, hell or high water.

The worst thing is that we really get very few services for our taxes, i.e. no city water, i have a septic system on my property.

After brainstorming about what kind of exit strategy i might want to run numbers on i figured "Owner financing might be cool".

I will say, though, that in over 20 years of lending he's never not been able to close on a loan he's preaproved; which if you're familiar with the 'colateral damage rate' that most lenders are alright with having, is absolutely f***ing mind blowing.It also doesn't hurt that he's just a genuinely cool guy to be around and learn from. 

Teaching is cool but I want more out of life.