@Jeremy Staggers I've used First American Title in Houston for many transactions (Spring office).

We rent it short term in the summer and mid term fall through spring.

Any ideas of what to do it would cost around maybe 30k to fix up and  add well (to far for public water) and septic .

. :)You will need a degreaser, Dawn and hot water is excellent, gloves, a bucket, cleaning cloths, and a lot of elbow grease.

There at lots of great suburban markets where the ordinance doesn’t apply such as  Independence, Raytown, Blue Springs, and Overland Park. 

It allows you to put a stack anywhere you have electric and water.

I am wondering if I should keep the water meters in my name and get rid of one water meter and let each meter service 2 apartments?

There are individual a/c,heating, gas/electric, shared water, units and each unit is individually privately owned.  2 stories, no elevator.   

Since spring 2022, when the Federal Reserve embarked on its latest rate-hiking cycle, interest rates on the most popular loans for real estate investors, DSCR Loans (part of the non-QM loans category), have moved at unprecedented rates.

Mainly you're responsible for the sewer bill and to provide heat and hot water, but not things like air conditioning.If this was winter, I'd be concerned about pipes freezing if the relationship isn't going well, but a 10 year tenant probably won't let that happen.I don't really know about the downsides of not having a lease.