This Water Street property in Delphi, IN, was an attractive investment due to its low purchase price of $21,000 and the potential for significant value addition through targeted renovations.

I would advise to separate the water and power meters.

I probably profit about $0.50/load based on my cost of water and electricity.

; No water/sewer/storm pond or drain.Segregate the analysis of the house and the storage. 

Make sure tenant knows how to flip breakers, turn off the water main, relight water heater pilot, etc.

I wouldn't limit it to roof as wind and water can damage other areas of the home..what if a window was left open and the interior now has water damage etc...Did you already bind your insurance (likely not if you are two weeks out) So there may not be a reason for them to dictate you get it reinspected. 

Tenants pay for gas and electric, owner pays for water.

Home Warranty: My bathroom sink is clogged and I'm too stupid to know how to pop the water stopper out and clean it. 

I'm mainly looking in the Denver area but am open to expanding to The Springs, Fort Collins, etc.

Things such as hot water tanks, carpets had to be replaced in a few years, so I wound up depreciation some items more than once.I sold a rental last year for $430K that originally cost me $70K as an investment property.