Assuming the property is in the Denver area, the issue is likely drainage and ground water.

I have been connected with BP for the last couple years by just dipping my toes in the water occasionally, but this year I am looking to jump in! 

We have a dozen or so properties there, that are without water indefinitely, perhaps as long as month.Of course, that's small change compared to the utter destruction and loss of life.  

I’m moving out of the house soon and will be living rent-free with my wife at my parents' place in the Bay Area due to some recent life changes.Here’s a breakdown of my situation:Location: Sacramento, CA (4 bed, 2 bath, recently renovated)Current mortgage payment: $3,940/month (including escrow)Mortgage balance: $475,000Current home value: $515,000 - $535,000 (based on comps)Rental estimate: Property management companies are quoting $2,600/month (with fridge/washer/dryer included), but some websites suggest it could go for up to $3,000/month.Planned budget:$540/month for capital expenditures and maintenance$100/month for lawn careTenant to cover utilities (gas, electricity, water)7.5% vacancy rateWe bought the house thinking it would be our forever home, but with our current situation, I’m trying to figure out the best long-term plan.

FEMA rental Assistance covers the cost of monthly rent and essential utilities, gas, electric, water, trash, and sewer.

I tried to estimate 20% higher on repair costs since i do not have a wealth of experience estimating yet, there is some minor water damage, and some heating and electrical that needs to be replaced, which is where most of the expense came from.

Looking at someone today I would ask for recent exits in last 12 months if the strategy is value add growth.Taking a summation of every full cycle exit over hot and cold points in an investment cycle doesn't give you really what is happening TODAY and in the recent PAST.It's good see to see long historicals but that should not be given too much weight for investing now. 

We also try not to install fridges with water dispensers or ice makers but if we do, we put in our rental agreement that tenant is responsible for any repair to water/ice makers. 

The onsite-manager’s unit had a concrete floor which sometimes got wet from water coming over the sill in big storms.

Plumbing is a great example - as an ex-plumber I'd take PEX over galvanized any day, and even over copper (at least the newer stuff) especially if you live where the water is somewhat acidic.