If you don't know how deep the water is, you may get more than just your "feet wet".Third Lesson.Cheap and discount are not the same thing. 

But typically impact fees are related to water & wastewater services, or a traffic impact fee. 

Bill Maintenance Expense-Aerator I installed the aerator the pressure tank and the well pump ($1,350.00) ($2,142.52) 4/1/2020 ORAM-2910BROUGHAM-2910BROUGHAM Coker, J.

Quote from @Arun Maheshwari: Hi,Does the bank owned foreclosure property allows to put Inspection contingency for big issues like plumbing, eletricity etc.ThanksIf it is bank owned and the foreclosure has taken place - possibly but they would make you responsible to turn on power and water and turn it back off.

You mentioned that you've been paying water / sewer for all 4 units. 

My Tenant will be responsible for water and electricity.

NJ investor myself - happy to help you navigate these unique waters! 

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

Indeed, where we pay a REALTOR commission, we are initially under water, but look at the long- term probability the rental will remain in the system.

Quote from @Jaycee Greene: Unless you already have a capital reserve fund that will pay for unforeseen, major expenses, like a new water heater, roof, or A/C unit for example, I'd keep the profits in the account until it can cover 6-12 months of operating expenses.