Over a weekend during which my tenant was not home, the condo became flooded and water went through the flooring and flooded the office below.  

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

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

Houses that sustained fire events have long term consequences including structural damage and mold that results from water intrusion required to extinguish the fire.

With the lower price point rentals, you basically just tread water.

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

Still, if you’ve got someone on the ground who truly knows how to navigate these waters, it’s like being handed a map with all the back roads highlighted.

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

****I am not a financial advisor or guru, I was just a dumb civil engineer who learned that you cannot push on a rope and dirt and water  = mud.

The rental might be vacant for a month,(8% loss) or a tenant might not pay for a month while you pay to evict them.(8-16% loss)  A $1,000 appliance/water heater, or a $8k rook or hvac unit might go out.(5-40% loss)  You should be paying a PM 8%.