The seller did provide me with his title company so We will be utilizing them.

Your broker may have forgotten, but when the appraiser reports back to the lender that it is a rooming house, the lender will walk away or only underwrite an LTV of 50-65%.Your best bet is either a private lender or finding a conventional lender which uses auto-approval software (TD is an example) and mortgage agent/broker who can steer you towards an application that qualifies for auto-approval (if at all possible).When we were first in the same situation, we approached a family member with a proposal to have their name on title and live in the house (rent and utilities free) in exchange for their serving as the Den Mother to keep the house in order.  

Tenant is responsible for rent and utilities up until the day a new tenant is in place.

With a total PITI & utility cost of approx. $1,600/mo to have my own space in NYC and the ability to lease out the apartment, I definitely don't have any regrets since that has more than doubled my net worth in the past 28 months from buying rental real estate in Indy and substantially increased my income.

Hi everyoneLooking for suggestions here to avoid future issues around utilities once a tenant vacates. 

Driving for dollars seems the most effective as far building a relationship, so i'll be sure to utilize that option as well.

The current listing does not create any desire for the unit, it only lists the things that might cause objections (utilities, insurance, cost of background check) which should be listed at the end/bottom of the actual listing.b. 

May not be the best use of capital from a gross-return standpoint, that's only 3.9% of ARV annually and not yet taking into account PITI, utilities or reserves. 

Can also utilize them for other admin tasks if you need as well!

A fund structure is best utilized for multiple acquisitions.