White sands, blue-green water, loads of tourists. 

After you paid for a hotel for your tenants for the last week while the ac, the heat or the water heater was broken.  

Investors are angry Capella earned over $100K in origination fees on that deal and claim Capella did not do adequate due diligence, disclose conflicts of interest, and acted in their borrowers interest and not the investors interest.I know others who invested in a problem Capella loan for a golf course with water rights and multiple home lots.

Are you paying any utilities as the owner, aside from water and user fee?

Make sure you have smoke and CO detectors in appropriate places, GFCI outlets near water, functioning mechanicals, make sure everything is in good condition and you shouldn't have a problem.

Say you have a fire or water damage in the house and you have to file a claim with your homeowners insurance.

@Michael Baum, I could not resist.  

The buyer's attorney claimed that only one of the two spouses signed the easement.There is a significant water view from their property, near the top of a hill. 

First off, the water is probably coming from your unit.

A decent home away from the water in Rockwall should cashflow (unlike Plano and Frisco), look off John King blvd, or parts of Fate.