But even after this they do this and i am burning my eyes looking for buyers woring hardest possible to match buyer to deals please can you shed some light on which WATERTIGHT AGREEMENT I CAN USE?

If not with increased management fee you are looking closer to 60% to 65% cost and not 50% annually.Tenants not directly billed bu the water authority use about 30 to 35% more water monthly and do not report water leaks.If the tenants are not paying then you will have months of lost rent,damage to the units,and reconditioning costs.You need to pay close attention to the EXISTING tenant base going in.Run your own checks on them.The existing landlord might have just filled the building up to dump off crap tenants on someone else.The fact that this property has changed hands so frequently leads me to believe it has serious problems.People get think they get a deal and then want to jump off the burning ship quick before going down.Check title history chain and see if you can locate previous owners,their attorney etc. on documents.You can also look up if a previous corp bought it and the controlling officers.

Just burns me up inside.

These are people who have been burned badly by the economy.

My one concern is that the stress of managing the tenants or worrying about burning out and losing intereste/desire.

So, if lightning strikes and burns the entire complex down, the Master Condo policy should rebuild the building, your "Fire" policy should finish the interior of your unit (new paint, flooring, cabinets, appliances, etc.) and possibly even cover your lost rent while the premises are uninhabitable, and your tenant's "Renter's" policy should replace their flat-panel TV, sofa, bed, clothing, laptop, etc.Does the policy get taken out to the LLC or us as individuals?

Many of the same players got burned in the foreclosure market and rental market back in 2008.

In my city "Burn outs" require Contractors and Contractors require Permits and Permits cost Money.

Sudan, Yemen, Tunisia, Lebanon, Morrocco and supposedly American and Israeli flags are being burned in London.

The stove might have pilot lights that will burn gas.