Because a large percentage of the charges are base fees that do not change based on use!

Can fix the water damage in the basement yourself.

.: Quote from @James Jefferson: Hi, I have a family member that had a reverse mortgage on their property it's a 3b 1b 1 acre of land heats by oil no hvac and on well water.

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

Investors come to our market because of the low barrier to entry and that we have a solid tenant base that provides solid cash flow to out-of-state investors like yourself.

My wife and I have obtained three traditional loans and one lease with the option to purchase, resulting in most banks turning us down based on debt to income (non-portfolio lenders). 

On some older properties where perhaps you have one water meter for 2-3-4 units or one gas meter for 2-3-4 units, or units that share hot water, something like that the owner might pay. 

Granted this was on plots of land I didn't pay for, and that are already connected to the city's water and sewer, so there's a lot of savings there, but I'm hoping if it turns out to be this good of a deal I can still scoop up land and keep going

I'm new to the real estate investment game and I'm a bit nervous about dipping my toes into unknown waters. 

That would mean there is an approved site plan that includes roads, water, sewer, storm water, curb, gutter and any required buffers.