If I was the tenant that got damage from another tenant's water heater, I would expect him to pay the bill.If it was a pipe in the building and not in their unit, then I would think the landlord would be responsible.

Thanks, Nina Yes, we have them put all utilities (including water, if SFH) in their name.

Prime is currently 7.75% and likely to drop by 1-3% during this fed cut cycle over the next 1-3 years.  

I've been debating on sticking my piny toe in the Bham water... lol. 

things missing in your list (everyone manages differently, so take it with a grain of salt)Vacancy rateTurn overbad debt legal fees (evictions as needed)accounting fees for professional tax prepmaintenanceProperty TaxesSales Tax on PM fees (In NM, this is charged, not sure about where you are)Reserves for replacement CAPEX - furnace, water heaters, ac, roof, parking lot, etc.Admin, software, advertising, etc.Cost segregation study for accelerated depreciation captureAs for your loan. 

Some co-hosts are locals who will assist and drop off extra linens, do check ins, etc. 

Utility Costs (Water, Gas, Electricity):- Paid monthly by the tenant unless included in rent.

The people elected her twice;  the city floods in a medium rain and boil water notices are frequent due to crumbling infrastructure....but they did find enough money for festive lights for the bridge for the Superbowl.

There were exposed water lines and pipes in the rooms and missing doors.

I know the 20yr city development plans, I know of the waste water treatment facilities that are wrapping up approvals and have not even broke ground yet and exactly how many w/s laterals will be approved with such.