So at the end of the 5 years, you are just treading water with the lower price point home, while you made headway with the other one. 

If I buy a house for $400k, and the market drops and the house is now worth $300k, I am under water.

The agreement stipulates:"The owners agree, that no water shall be used for commercial purpose, but only for their private domestic use including vegetable gardens and livestock maintenance."

There were plenty of challenges from removing a homeless person off the property to a water pipe in the basement letting go.

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There will still be a lot of people that are resistant, but stroking a landlord's ego and asking for their backstory and what they recommend to enter into investments is a great way to meet people.

We had 21 units that took water that day, and it was a rough month.

However, if for example, the company did not install or disconnect the washer and dryer correctly (such as leaving a valve on) while water is turned off prematurely, causing damage, what language do you put in the Lease to also hold other parties accountable such as ALE and appliance install company?   

Im not a lawyer, Id flip that house though. maybe get the priest to come throw some holy water on it. 

If it is, I would do whatever I could to get good paying tenants in there right away,  If it is vacant, you are going to be running through cash like water through a sieve.