I think they could target your intentions, that the whole time your plan was for this to be an LTR, but you just utilized this strategy in the first year to get more tax savings.

Purchasing a lot that’s already cleared and has utilities in place can make it much easier to sell and attract buyers.

There is no utilities but she wants a $5000 non refundable earnest money and a 3 day option.

This will further dissuade tenants from using the common areas, which can reduce your liability and risk of fire, etc..If it's a small multi, I would put all the common area utilities on one unit's account and sign a utilities addendum with the tenant and give them a rent credit each month. 

Noise and fireproofing upgrades, plus utility separation, could be expensive and time consuming.That said, if the cash flow works today with the current setup and you’re patient with the long-term upside, it could still be a solid move.

I told them I’m providing safe affordable housing with rooms at $650/month which includes all utilities and wifi.

Can't go for conventional refinance loan since my credit card utilization is high. 

Our team includes a general contractor, subcontractors, and engineers which allows us to manage projects efficiently from concept through completion.Our strategy is to develop and own flex space warehouse properties for at least one year, achieve 100% utilization, and then sell at stabilization to realize equity gains and reinvest in new warehousing/commercial developments depending on market needs.We’re interested in connecting with individuals or firms who have completed ground-up flex space projects in Texas.How did you structure your capital stack or financing?

The key to non-traditional credit is working on the credit references (utilities, rent, insurance, etc) as soon as we can as sometimes these companies can take time to get the documentation required to document the non-traditional credit references. 

The average discount to net asset value is 36% (THEORETICALLY) I paid 64C for each $1.00 of assets); the average LTV utilized by the REITs I invested in is 30% (REITs with LTV above 50% are “suspect”) and my dividend yield on the total portfolio is just over 7%.