Start small and test the waters.

@Nikelyia Waters you might need to be more specific. 

Jump in the water How did you find this deal and how did you negotiate it?

Water intrusion, leaks, or past flooding fall into this category because they can affect the property’s value, safety (e.g., mold),etc.  

Typically NO ONE that charges more than $50 for anything.Otherwise, they are just usually trying to jam you into their sales funnel to pump you for as much money as they can.

Lots of college rentals are beat up my son rented a house with water issues in the basement the land lord nailed the door shut before he rented it .The landlords can be tough to contact from all the destruction .The rentals don't need to be in good condition is all about how close to campus .

I just bumped an inherited tenant up by $50 and showed them the past 3 water bills to help justify it, since they're not paying the water in the building. 

Once you're ready to move, and if you want to try the waters of landlording.

If the HOA covers things like exterior maintenance, roof, landscaping, sometimes even water/sewer, that can offset costs and make management easier.

Quote from @Dan Zambrano: So for those that follow the market, tesla had a big pump and then came back down.