For example where water is included in the rent. 2.

In that price point, you'll do well to look in Seminole Heights.Value add will always be your best bet for better ROI, but out of town buyers usually will want as close to turnkey as possible.A pool will add 30%+ to your ADR. 

And very important: most of the fresh water in the world.Also, MN has become landlord-unfriendly.

Everything seemed to be going well and then... the water main burst at the property. 

Sewer and water systems are not designed for 8 adults taking showers and excreting waste. 

The townhouse had an HOA fee, a clubhouse, a pool, and tennis courts.

Because I also own and buy actively, I also have the proven vendors that further save my clients money from insurance, landscaping, pest control, pool care, and handymen/hvac/plumbing/electrical.With that said, I’ll send you those properties today per our phone consultation @James Thompson and we’ll be sure you get your 1031 funds allocated smoothly and into great STRs 👍

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

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.