The issue with watering your foundation is that you have to do it always, every year without a break in order to achieve the desired effect.

Some are on septic and well systems and not regular water and sewer.The more you go suburban to urban core with upgraded construction the more the cap rate tends to drop but generally better loans available for well located assets and a strong tenant.Without knowing expected proceeds from the exchange, if you will add additional funds to the down payment, what purchase price you are wanting, what area of the U.S. with cold belt versus warm belt states, etc. it is hard to comment further.

Now you can advertise it as having a sump pump to prevent future water damage when you can sell.

People want to be on the water not near it.

If the water bill is $100 a month, increase the price by 20% (or whatever you decide is fair) to compensate you for the time required to split and bill and to cover additional use when tenants squander the utility.

It is not the politicality of it all with the global warming stuff, that has nothing to do with it.

Thank you so much for the warm welcome and thoughtful advice!

I own a duplex in Clermont, FL just outside of Orlando and initially wanted to split water meters between the two units, but the cost and amount of work were higher than expected.

Thanks for the warm welcome, and heres to our success together! 

Many thanks for the warm welcome I received at the Alabama Center for Real Estate Transformative Tuesday.