But we're expecting a big cold snap/snow/ice storm tonight and all weekend, so, I'm worried about my pipes. 

(It sounds like you might have done that already) If you have a realtor in that market maybe ask them what the comps are for your unit to make sure it's not higher than you expect.

., @James RichardsonWas the Q2 distribution disbursed later than advertised/expected? 

If the pipe is 50 years old and had a life expectancy of 30 years, they're going to argue it was due to lack of care on your part and try to deny the claim. 

I would not expect a meaningfully lower rate and pmt for likely several years. 

We got our required and expected profit that we calculated at the very beginning.

@Rae Chris Ann Arbor is pretty expensive, so difficult to find cashflowing rentals.You may want to look in Ypsilanti - if you want to stay in your area.Otherwise, Metro Detroit offers a LOT of options.Read our copy & paste below for some helpful info:---------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Are we expecting a recession? 

As well as they expect free health care . 

I'd recommend interviewing multiple PM's and seeing which one fits your style and expectations.