Well did not freeze one could still just quit claim it with no title insurance but once the city saw the transfer they hit him with a 5k fine.

So keep in mind that places like Saco, Kennebunk, and Bar Harbor tend to shut down during the winter as we all bundle up and try not to freeze to death for the 3 early months of the year, but during the summer time they are very attractive places to rent for short term rental, but there are other more creative opportunities to those who look outside the box.  

A major expense can wipe out years and years worth of "cashflow'- A property that cash flows on paper is different from a property cashflowing in reality...There are many times additional expenses to be aware of that may come up in some markets that you are not familiar with...in my case some items were pipes freezing over and much higher vacancy than was figured in initial calculations.- Markets that have very high cap rates as a whole such as 8% + are typically markets that are perceived to have much higher risk and likely will have little to no appreciation at best and more likely would depreciate.

Hope their waterpipes didn't freeze. 

Tuckpointing will be required, as mortar can deteriorate due to vines growing into it, water getting into cracks and freezing, TV antenna masts mounted to Chimneys, or the side of the building and flexing in the wind, loosening the bricks it is attached to.Wood needs to be painted to keep it from getting exposed to the weather.

Also, how do I go about it when I have a freeze on my credit?  

My concern is the pipes possibly freezing?

As a renter, it is their job to make sure the pipes don't freeze. 

Hi Sunny -- Welcome to freezing Indianapolis. 

Even if pipes freeze, damage will be minimized as no water will flow from meter to flood house.We call this a preWinterization Procedure and do it even if heat is kept on.