If they can tax you/bill you in some way they absolutely will.

It is good to know that there is a way to have rental property and don't have to worry too much about how the bills are going to get paid.

Unless you're an idiot, and if you know you're one then stick to something really vanilla like VOO, SCHBB, QQQ, IYY and some T-Bills.

Very powerful strategy.

You have one set of bills but 4 rents coming in.

It's a competitive market and most of the people that get in trouble here are ones that buy blindly without actually figuring out the numbers, etc.You'd be surprised the number of times I get asked after month one if their electric bill of $xxx or whatever is normal, and the thought running through my head is "how did you not  check things like that before you committed half a million dollars to something?"

I used to live in the city and the taxes and water bills are nightmares.

Secondly, I'd chat with a realtor and get some recs on lenders to truly see what you're working with in terms of buying power.

While that's certainly not ideal, my leverage was low to start with and my loan maturities were ten years so I have staying power to sell into a better market.Looking ahead, anything I'd buy would have to cash flow out of the gate in a higher-rate climate. 

And THEN, the same $1 fee is required when doing a transfer to pay me their utility bills, so then I discounted those by $1 too.