I haven't seen any posts about this here on BP--- I've been told by the City of Chicago plumbing inspector that I need to upgrade water service from the water main in the street to the house to 1.5" at my rehab.

Like interest rateMaybe consider $50/unit per month for water usage or 10% for vacancyRent amount via ?

I know to check pipes (on city water so water should be flowing), but any key points I may overlook?

I am not planning on investing in Condos on the Gulf, I am focusing on houses not on the water.

., Parkersburg, WV 26101Income-$40,052ExpensesRE Taxes-$4155.72Insurance-$4218.34Repairs-$283.06Trash-$2421.92Utilities-$1198.60)Water/Sewer-$1114.74Legal fees-$85Fire/Police Fees-$1806.42Upon your review, please let me know what further questions you have regarding this property.

However according to the US Census Bureau in the City of Mishawaka, the owner to tenant ratio is approximately 50/50 here http://www.census.gov/quickfacts/table/PST045215/1...To also break down the numbers in one line, from the Census Bureau link, the City of Mishawaka has a population of 48,261, a total of 24,088 housing units (as of the year 2010) of which roughly 12,044 are rentals with a median gross rent of $714.00.So in summary, in my opinion, this is a strong rental area with stable economic fundamentals to sustain the tenant pool.

One idea is to partner with another investor to pool your resources.

But what I thought they said is to figure out the cash flow and then divide it by two because history has tended to show that unexpected expenses (new water heater in yr 1, roof repair yr 2, etc) tend to eat up about half of your earned cash flow.  

The deals I am looking at will cash flow $800-1200 with all of the numbers ran and homework done, ie. electric company sub-metered, sanitation, and water.  

(Never seen a frozen pipe in my life.)2)  Is there a significant drop in the tenant pool during the cooler seasons?