Cost of 14 seer 2.5 ton Trane unit is about 2800 bucks - the tools HVAC guys carry are about 4800$ to out fit a truck and require constant calibration, maintenance and replacement.

I am willing to act as coordinator and ensure that high-calibre feasibility studies are carried out, good business plans are developed, and all viability assessments and licensing details are procured for each of the projects (and hopefully others in future).

I recently published a course titled Mindset Calibration that is targeted just as folks like yourself.

Regardless of product you buy it will come down to the location/neighbourhood, get this wrong and you will go backwards.Annual return of 25%+, sounds good, as long as its not smoke and mirrors.I would want to view the leases, and look at the track record on this particular complex, income, how long tenants have been renting in this property, calibre of the tenants. 

I still don't believe it but calibrating my analysis spreadsheet numbers is a step in the right direction toward belief.Just to get my math correct, you are saying take 10% of gross rental income for capex + repairs/maintenance?

This full gut renovation helped calibrate our expectations (cost/timing) for future projects.

You can guide the conversation with calibrated questions (referenced in the book "Never split the difference" by Chris Voss - he was a podcast guest).

For me I need to visit a city to calibrate my analysis of it.  

You can also send the tenants a letter letting them know that rents are calibrated to a reasonable usage of water, but if it continues to be grossly higher than your expected, you will be forced to raise rents to cover the use.   

@Trevor Jackson@Adam Morgan@Ethan AtkinsonAbsolutely would like to get together and calibrate.