I couldnt exactly prove it, so i changed the toilet to a one peice toilet and instructed the tenant how to sit on the bowl.If the wax seal under the toilet was broken then I imagine any flushed water still flow down the pipe and then worst case partially discharge to the surrounding floor joist area or pool in the bathroom.

The course was $400 plus around $200 for other incidentals and the state test.Costs to maintain license isn't cheap: Broker - $65 per month...Realtor Board annual dues - $400...Quarterly MLS dues - $109...EKey Services (about $100 for setup) and $205 per year....so broken down monthly you are looking at - $151/month.

I grew up in a broken home and ultimately turned to drug addiction to self medicate.

@Steven Stokes, I'm actually interested in owner financing in the future as well, we have some tenants that may be open to it.As for that broken pipe at 1AM - ouch!

.$280K$56K downP&I: $1200.00$2700 Total Rents - 50% rule = $1350.00 - $1200P&I = $150We've also broken the 50% rule down further with what we believe to be more accurate numbers:TAXES: $279INSURANCE: $279 (This is estimate as I wait to hear back from ins. agent)VACANCY 10%: $270REPAIRS/CAP EXP: $162PROP MANAGEMENT 10%: $270 (We'd be managing but have this built in for the future in case we didn't want to manage)Total: $1260.00$1260 + $1200 P&I = $2460.00Total Rent: $2700-$2460 = $240 cash flow.CAP RATE 6%GRM 12CASH on CASH 5%We realize that this isn't a great performer overall.

If they have broken a lease term already they will in the future so I would suggest giving them the appropriate notice for a lease violation (10 day notice in IL).

The water can be off and you still can have broken pipes due to the water still sitting in the pipes, unless you are going to have them blown out.

Those that have broken this rule (now up to 6 after seven events over a 3 year period) are never allowed back.

You could drain the lines and fix the broken pipes.

I get a text Sunday night from a tenant that the radiator pipe is broken (4 days after the cold spell ended).