A 2 bedroom in town verse a 2 bedroom that overlooks water are completely different things. 

Real Estate: Starting OutYesterday, I found out that my tenants had their water disconnected.

If the number are close[100k or less], do preemptive due diligence [water, sewer, stormwater, planning and zoning] if the property is considered for a new build development situation.

The hardship in my case stemmed from the fact the parcel size required a storm water management system that would cost the same to implement if I built 7 homes or 30.

(Except of course for a simple permit like a water heater, where a Licensed Plumber could get one.)

State not only allows but makes policies to force counties to comply but counties DO resist and purposely make the process very difficult.

.- increase in vacancy to 30%, 40%, 50% (this could be a combination of bad luck: one unit water damaged, one unit tenant trashed, and you have to evict two more - on a 10 unit portfolio that would be tough, even though only temporary)- lower rents (for whatever reason, what happens if rents go down 10% or 20%?)

@Don Owens My 9-5 job revolves around Indiana water regulation and well installation.

And my rentals there are cash flowing nice, but it's taking some time to getting it occupied, and I also found out that I need to make sure that the tenant is paying for the water, because the water bills are really high over there.I will keep you all posted along my journey, and I hope I could help you friends.

Jason Stofer I understand that but I’m a big believer in path of least resistance.