Hi folks,I'm bidding on a property this week that had pipes freeze and the basement flooded up to six feet.

We saw this happening during the great recession and prior times; and with all the noise about a potential recession (short or moderate) do you think banks will freeze or limit the credit capacity on HELOCs?   

Let's see, interest rates increasing, stock market in a correction and heading if not already in a BEAR market, major companies freezing or decreasing employment and we are in the slow months of a typical housing cycle.  

Do you have specific language in the lease regarding frozen pipes and keeping pipes from freezing?

He was smoking in the house before ("only in the bathroom with window opened") and yet again even more recently ("only with the front door cracked while it was freezing outside"). 

No research to know if people want their food.....the owner loves freeze dried Space Food, but no one else does. 

I’ve lived in a few places around the country.Florida:  If you don’t mind rain about 300 days a year, humidity that stifles your breathing, air conditioning blasting always (I like that, but my wife had to keep a hoodie in the car because she was freezing inside every building), and then there’s the Hurricanes…and Mosquitos…and alligators…Jacksonville is not a very attractive place in general.  

What they didn't do was reduce or freeze the rent price.

One of the pools was uprooted from the winter freeze.

, it sure would remove a PITA factor (over the years).What you're doing right now is just a theory, you won't really have much data to judge it until you live with it through a cold season.On the plus side, if you have renters that fall on hard times and can't pay the gas bill in February, with your current plan the pipes should not freeze up (hopefully it's warm enough inside to prevent this).Good Luck!