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.

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

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.

And my rentals there are cash flowing nice, but it's taking some time to getting it occupied, and I also found out that I need to make sure that the tenant is paying for the water, because the water bills are really high over there.I will keep you all posted along my journey, and I hope I could help you friends.

****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%.

If you buy a high cash flow property in Cleveland, over 5-10 years you will most likely break even on the cash flow or just be treading water.

In addition, I will also be paying much closer attention to water flow patterns and signs of erosion around our next investment!