Up until a couple of months ago, the water usage was typical, I think around 8,000 gallons but then it spiked to over 64,000 gallons. 

See if there is a spike then address the spike..

I live in a market where purchase prices were high even before the spike.

As I dig my heels into local recommendations, potential foreclosures, and other good cash flow opportunities, I'm hoping to hear what ya'll are seeing out there.Are ya'll seeing good cash flow on MFs in the I-75 corridor?

Apple, Google, Xerox, Fuji film, and Meta are all coming into the area. 5k people a month move to the area which has created a housing shortage, rent spikes, major appreciation (not just due to inflation) and you can still find single family homes for sale on the MLS in good condition for ~250k+ Tenant-landlord laws are landlord-friendly and taxes are low.

Just saw this near my office at Oak/Franklin, it's a bit crushing and makes me dig my heels in deeper to my rent controlled apartment... while continuing to invest in places like Texas, Florida, Ohio, and Wisconsin.There is certainly money to be made in the Bay Area real estate market but these are high stakes and cashflow is inconceivable at this point. 

Unless there is another spike or access to easy money that we had back in the early-mid 2000's. 

The high-usage unit has a minimum of 75 gal/day with an average of about 400 g/day and more spikes over 1000 gals.

You're certainly on your heels if you find yourself in this position and you don't want to be there because you're now in the position of having to sue the tenant and rebut his assertion that the agreement speaks for itself.   

You should also be monitoring the bills from the water company to see if there are any spikes in usage.