This will give you the base knowledge of rehab costs, ARV, and overall knowledge of the flip process (invaluable knowledge).

I have clients who exist solely based on buying up these facilities from people who aren't managing them properly. 

I think he does a good job based on my needs and I am not judging him based on price but rather the value he has added to my business.

Usually they are city or region based in your state.

I suspect maybe something like Hagerstown or Cumberland, which yeah are Class D like markets with declining populations, high drug problems, no strong job base which leads to non paying tenants.

So, if you have 10 units and you are going to pay $1,500 a month and you are working on an active income job, too, this is an easy switch due to the labor mentally and physically (even if it is just phone calls) to get these rentals running as a well-oiled machine.  

But to date, I've just set my rents at a rate that accounts for me having to pay the water bill - and informed the residents that each year I'll increase the rent based upon my expenses (including water), so keeping the bill down helps me to help them.But one problem this could cause is if increasing the rent to cover the water bill then places your rent above the market rate.

Jacksonville-based agent Bryan Carnaggio observed, “Bidding wars are very rare these days.

If they are based on usage you typically bill them back.

A lot of investors are jumping to secondary lines of insurance coverage and the problem with those is that the companies are based in the Cayman Islands or the Bahamas a lot of the time, and it is suspect that they would actually pay out if the need arose unfortunately.