Obviously I have little information to go on but my gut suspects they are game players and they think once they are in the house they will be able to leverage the problems and live there free for a long time.

Full gut job so I am contemplating metering the water in each unit so I can pass water and sewer. 

Most of building underwent a gut reno in 1989.   

I recently moved in my first house hack in a 125 yr old house that I gutted and 5% finished before moving in. 

Are you gutting it?

@Troy Williams  All of my contractors and subs that I deal with are new construction or full gut rehab guys.

I found out during a hurricane a couple years ago that the deductible goes up to a percentage of the home’s value during a named storm, so my gut says I should contact the insurance company.

If your interested in a property and your gut is saying the relator is holding up the deal.

The subfloor main level was unusable and It was sight unseen....total gut job $100k rehab.

On top of that, what if all of a sudden you need a new roof, or windows, or a sewer line, or the irrigation system freezes, leaks and floods the basement, or a fire guts the place and your insurance only covers some of the vacancy/rebuild costs, or a flood washes it away and you didn't have flood insurance, or your tenant stops paying and their estranged lover/stiffed drug dealer breaks in and destroys the place, or any one of a myriad possible bad things happens because you have an investment that hinges upon human behavior, and therefor needs constant baby sitting, and 5 years of your glorious $500/month is wiped out in one afternoon, and the bank takes the property?