He has a 800-825k single family home that is completely paid off and is interested in utilizing his heloc (I would be finding the deals, managing the rehabs, taking all the calls, etc).I have thought a lot about how to best utilize this heloc but maybe getting analysis paralysis and am open to all suggestions and wondered what people thought I should do. 

@Nate MarroquinI had to laugh at "4 tenants coordinate themselves to cover the utilities"! 

Take all the costs including utilities and see if you can cover things with a rental inclusive of utilities and still make a profit.

I've been wanting to get an LLC for my Real Estate/STR operations so instead of creating a new one, I figured I'd just utilize the existing Turo LLC.

You can also set up GL utility codes in Quickbooks and other accounting software.

Has anyone had success in suing a tenant in small claims court to recover expenses when a tenant doesn't pay utilities per their lease and the water company passes the bill to the landlord?

In a perfect world I would split utilities and do a full renovation, but for now I'd like to focus on getting a high appraisal and getting my money out of the deal.

If you take a newborn who has been feeding on formula and give them puree veggies they will think this is the best thing in the universe but that's because they don't know any better.

HOW TO SHARE UTILITIES 101You have a property with two or more units, and the utility meters are shared.

I assume installing direct meters from the utility company is not cost effective or possible?