Is the water leaking from a pipe, damaged roof, clogged gutters, or some other source?

Pays power but water /sewer are unpaid for 2 years & accruing in my name & they won’t shut off water to an “occupied” house.

Under the $100k property example, something as common as having to replace the sewer line will put you under water and you are more likely to have to come out of you personal reserves to cover operational/cap ex expenses or debt service than in my $6M loan example.Remember cap ex and operations are normally more easily absorbed in the A location assets.

Usually that means water/ sewer bills through Cleveland Water and NEORSD.

Hold firm.If you get nervous, drop the rent $100 per month or confirm your marketing is good.You do limit the prospective tenant base by restricting pets, but that is your prerogative.

If you want to buy, give a couple Sears Outlets a call, they normally have a couple sets around and since they likely sit for a decent amount of time the store might be motivated to drop the price a bit to move it.

Replacing multiple furnaces, water pipes breaking, noisy tenant I had to evict, etc etc.

At the same time, it might be more cost effective to install coin op to lower laundry usage overall and add a bit to my water bill.

Hi Corey,First of all, congrats on the success.I do think it is in your best interest to leverage these properties right now, with rates dropping we will see more demand in the market in 2025-2026.You have a few options on something like this.You can do a blanket loan and cash out on the entire portfolio, you'd save a little bit on fees here and there; or you can do individual cash out refinances.I strongly recommend doing them individually if you can.

While no properties actually flooded, the entire area was a disaster - roads destroyed, rescues, loss of power, and loss of safe drinking water than lasted for two weeks.