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. 

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

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.  

But be aware of these items before you jump into that pool:1. 

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

Prices are from $242k for mezzanine, $292k for garden (1,244 sf w/plunge pool) and  $343k for the PH condos (1,475 w/492sf rooftop terrace w/pool and palapa).  

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.

If you are buying cash obviously this makes that number go up, but then again two $125K properties are both going to need work, and will likely be in areas that are not going to attract the greatest tenant pool. 

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