It will ultimately be based on the supply and demand of the area but you have to keep an eye on the total renter pool as well.

What ended up happening ultimately with the septic with the township? 

I wrote a long piece a while back you might find helpful: https://www.biggerpockets.com/blog/due-diligence-ultimate-gu...Good luck!

Ultimately if you have proper insurance, 99.9% of plaintiff's attorneys are going to be most focused on securing the insurance carrier's cooperation because the plaintiff's attorney is most likely representing their client on a contingent basis and the insurance proceeds are how they are compensated.

I could go on but ultimately it very nearly cost me one of my oldest friendships.

But ultimately I bet you could make it work.And FWIW, of course there are 3rd party property managers that will reply after hours. 

Ultimately, the numbers didn't work.  

You as the business owner are ultimately responsible (legally and ethically) for the actions taken under that mantle.As the OP stated, this is a new business relationship, and in my opinion there is much more downside to being laissez faire at this point as opposed to "hands on."

I will ultimately spend $35,000-$40,000 more on finance charges when looking at the total picture (not paying the $50,000+ pre-payment penalty) but was able to complete the transaction with $320,000 less equity.

Ultimately, it is that value that is securing their loan.