My husband just noticed today that there are no pipes connecting to the hook-ups because lo and behold, they froze at one point because the garage is not heated.

One of the things I have successfully done is incorporate timers onto the bathroom exhaust fans. 

They'll even be on call 24/7 for emergencies so tenants are calling them if a pipe burst, not the landlord.

I always highly recommend removing any lead pipes in a home or building and replacing with PEX or copper.As far as asbestos which is usually insulating pipes or old duct work ( very rarely have I seen it in walls or in attics for insulation) I usually just leave it alone and not disturb it unless being told by someone to at which point I take the same steps as I do with lead

Up north, you may have to deal with freezing pipes if your unit is vacant.Obviously you don't want to buy where there are hurricanes.Markets I've heard of others investing in are OKC and JAX.Also, you want a landlord friendly state. 

The list goes on. 80% LTV and 7% on a 15yr note sounds like a portfolio loan, no need to go there until you've exhausted your conventionals.

It does take almost a minute in our sfh in Las Vegas to get hot water at our farthest bathroom in the winter as the pipes are running through th cold ground. 

I scoped the main line and found that a pipe in the basement has completely rotted away.

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Should i just buy them a $30 exhaust fan or tell them to stop smoking and give them a hard time?