Metron and Southern Water Management are two that we've been talking to.

@Marc Robinson what's the lot rent, who pays what utilities and what's the source of the water and sewer?

Lots of flooding and rain.  

Quote from @Khaled El Dorry: I have a portfolio of 3 SFH's (2 in Jax and 1 in ocala) and 1 duplex in port charlotte (never flooded or damaged due to hurricanes) that have done very well for me.  

You said public water was available...would the lots require a septic system to be installed or is public sewer available? 

Besides frozen pipes in the winter, there's also sump pumps that if not running, could flood a basement and cause major mold damage. 

Quote from @Apurv Asthana: Hey All, I am purchasing my first rental property in Katy TX (not in 100 or 500 year flood zone).

It's hard to say offer amount without knowing the rehab part since that could blow this out the water.  

Pretty often no water, sewer, power or even roads to the property. 

CA has been known as the land of fires, floods and earthquakes for as long as I have been alive.