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. 

My rental property’s water comes from a community well which a neighbor owns.

Good way to test the waters of an area to purchase homes in before committing to buying property there on your ownCons:1.

What is the infrastructure story (do they have water/sewer/power to support growth)?

I would look at the cities in NC that aren't geographically constrained (By mountains or water), and superimpose a map of ATL over them.

We apologize for this oversight and are committed to improving our procedures to keep all parties informed throughout the transaction.Thank you Brett….”water under the bridge” as they say.  

Including a flat fee for utilities on top of rent will make the rent look higher and less attractive to potential residents and potentially cost you money if there is a toilet running or water wasting.

The condo doesn't have an elevator, but the other amenities are listed below:Amenities included: Common Grounds, Fitness Center, Gated, Reserved/Assigned ParkingServices included: Common Area Maintenance, Maintenance Structure, Insurance, Management, Pool(s), Recreation Facility, Reserve Funds, Snow Removal, Trash, Water, High Speed InternetThanks in advance for any advice!

Then the following year I got a nice house that needed a new roof, siding and some interior repairs from the water that leaked in.

While I agree with Collin on location, views and water front, I also think you can stand out by being unique.