Posted by ScottE on March 31, 2000 at 21:27:38:
Maybe I’m missing something, but did you say that the difference between positive cash flow and negative cash flow is whether or not the tenants pay the electric bill? How did you get into such a weak deal?
Anyway, to answer your question about splitting the 3 into separate meters, yes, it can be done. It’s usually not that expensive, but it does depend on the configuration of the building and, of course, you will need to make sure it complies as a multi-family unit.