This forum is outstanding (wish they had something like this in construction 14 yrs ago) I welcome any advice you may have and I promise to reciprocate any info that I discover. 

If they have collected any, that would of course go toward the unpaid bill but may not cover all of it.If the tenant is evicted, or even leaves with notice, and the water bill is not paid , I, the owner will be responsible and water service can not be turned on for new tenants until the outstanding bill is paid by the owner.

Hi Mark, The payoff of a seller's note 3 years later is not considered to be a sale of real estate but merely a payoff of an outstanding debt, so it would not qualify for 1031 Exchange treatment at the end of 3 years. 

Check out https://www.noappfee.com/ Tyrone Poole started the movement in Portland and hopes it will spread nationwide.

Outstanding post!

– it doesn’t make sense… It would be like me telling the Agent that he has to discount the monthly rent because I’m an outstanding renter!

The entire nationwide MLS is at your disposal if you go to www.Realtor.com.

I am currently researching both Triplex and Quad multi-family properties in Florida.  I would like to find a mortgage broker who can offer financing with 0-10% down.   

Deals are sometimes presented on Facebook Nationwide Note Buyers or Sellers. 

@Cp C.Check out Ed Slott CPA as he has a CPA network nationwide that specializes in IRAs and retirement accounts.