Based on the costs of infrastructure, water, sewer, electric, roads etc. a investor will be deep into debt for a long time before lot rent will even come close to covering debt servicing. 

Stainless for marketing purposes and buy the refrigerator without the water supply for ice, usually smaller units but they still look good and are big enough.  

We have a 3-story apartment building and are having major water (rain) intrusion issues along the back wall of the building.

The sharks are in the water, circling and waiting for things to "settle".

Code for your area may include plumbing, electrical, bedroom windows (proper height, width and clearance for egress), some areas require sheet rock around the heater and hot water heater. 

Anything less than that and I’d risk losing a years worth of income to a bad hot water heater.

There’s also new water park being built 5 minutes away.

Water bills come in once every 3 months and I give tenants ample notice prior to updating their accounts with the water bill charge.

Current expenses are $1300 per month (water, sewer/septic, taxes (property and 10 homes) and insurance (liability and homes).   

They like to buy land, put in the infrastructure with public funds ( water, elec, water run off, roads etc etc)  then sell it at the same price they bought it at to a private company.