Since you mentioned that you're putting together your team, I would also ask if he can recommend any property managers, contractors, handy man, etc.

@Jeremy Blevins, All good my man.

He indicated, however, that had the toilet not been clogged up (which according to the tenant and building maintenance man was the case), the toilet would have just kept running (without flooding) until someone jiggled the handle or such. 

If you're incorporating, start investing like a corporate investor!

However, another local business man has inquired about purchasing from us. 

Awesome job man 

Or you could put it in corporate bonds for say 5% with higher risk.

Congrats man, it is my hope  to pull the trigger soon, there are a few properties in my Illinois area that look like decent prospects to me.

@Owen Hehmeyer Awesome story man!

Appfolio apparently incorporates RUBS into their management software but I have yet to fully dive into its feasibility for me yet.