(you get what you pay for, in other words) So Fl is considered a core market now to many of the institutional guys, so that rolls down hill and puts pressure on all asset classes and sizes.  

I have had friends that dated years, bought a house together as boyfriend/girlfriend and man oh man did things get wild when things went down hill.

I get a good one who ends up moving, or stops showing up or quality goes downhill...I have a few hundred feet of fence to be done soon so hopefully you get some good replies.

If the water is surface water, almost always it can be solved by properly grading around the foundation, being sure that gutters are installed and drain downhill from the house, and (when necessary) a toe drain around the foundation. 

It just doesn't take much more than a couple of day laborers and some tar to dig out and tar a foundation if thats the issue, if its a runoff issue, just know that water flows downhill and divert it. 

As SOON as you see the place going down hill, FILE for eviction.

Additionally, if anything breaks or you have unplanned additional vacancies, I can see this going downhill quick.

I mean, I know advice on BP has been rolling downhill for a while, but this would take the prize!

In case you need more convincing that we are heading down hill, take a look at the rent map in SOMA in San Francisco....

If the property has a downhill driveway I would consider flood insurance as well.