They had what I thought was a respectable company (USAA) and it turns out they don’t cover water damage.

Quote from @Shuchi Gupta: Hi BP community,Looking for real-world experience from multifamily owners or investors who’ve done a panel upgrade.I have an 8-unit building in Santa Clara, CA, and I’ve received 3 quotes to replace the main service panel & meter bank (9 meters total, including common laundry).What differs across the bids:600A Eaton meter bank Square D panel but amp size not specifiedOne bid includes the laundry subpanelSome bids don't include permit/engineering/stucco patchingPrices range from $19K to $38K some not including permit fees.Current setup:1960s buildingGas water heatersShared laundryUpgraded kitchen appliances over timeAll tenants have window AC units, No EV chargers yetQuestions:Did you go 250A or 600A on your small multifamily upgrade?

The buyer liked it because they picked up an eight-unit property for almost no money down and with long-term financing on the first.You may have to work through hell and hot water to find a worthy lender.But the concept definitely still exists.  

Replacing aging water heaters is also smart—it improves reliability and can be a selling point later.

we had a gas hot water heater, big name brand with a six year warranty go out at about 6.5 years.

For a partial sale you run into issues of surveying, subdividing, easements possibly on road access, sewer, water, gas, fiber, etc.  

They found this letter floating in the water "Dear Father, The Captain assured us going the planned direction was the way to go.

If units have separate heating & hot water heater units, really the only thing you have to plan for is replacing the roof and parking lot.

My focus is to make creative finance, and BRRRR deals to create a rental portfolio asap :)In the meantime, I work for a developer who's offering utility work for other developers (water, sewer, gas, and even foundations!)

Hi everyone,I own a 12-unit apartment building in Euclid, Ohio (fully master-metered for water/sewer).