If you think you can rent it and only net $100 before reserves, you're one pipe break away from a nightmare.

Upstairs had a legit plumbing leak from old galvanized kitchen drain pipe, that was coming unfrom next door unit.

A couple of Hayward idiosyncrasies: Until last year, they required metallic pipes and traps under all sinks. 

To connect our house to the apartment above our garage or "Additional Dwelling Unit (ADU) we had to have pipes excavated underground to ensure that the garage apartment could connect to sewer/water from our house.

It has been 3 weeks but they keep saying that it is a fire /frozen pipes season and takes up to a month.I bought the house for cash 54k back in Nov 2017 so do not have any recurring payments on the house right now other than taxes/ins.I am looking for someone who has gone through a similar experience and to give me some heads up what to expect.My insurance is, I guess, very straight forward type of a deal - 94 replacement cost, 8k rental loss.What can I expect now?

This is not a pipe dream. 

Apologies if there's already a thread on this....Suppose growth slows and inflation pipes up in the coming years, giving us stagflation again.

I currently work as a pipe welder kind of a local union hall.  

i hope so. i asked for documents and pipe diagram but i havent received any. mortgage bank ordered appraisal so I assume they would check everything is legal, no?

There is some amount of positive that you need to have in order to be prepared for some bigger expenses such as replacing a roof, water heater or a re-pipe or just new toilets in general.