At that point we tested the waters and gave them the option to keep the money or to reinvest it in another property.

First off, the water is probably coming from your unit.

Just keep an eye on how both markets are performing, and maybe start small, like taking out $50k, so you can test the waters without over-leveraging.

Ok, so maybe I am not getting it but I have a hot water boiler with separate zones for each unit.

Storm sewer, storm pond, sewer lines, water access, fire hydrants, public bathrooms, surface coverage, sidewalk or bike paths, setbacks, power lines and right of ways known and unknown, road access, etc. 5.

If that's the case, you would charge rent + utilities + water or just lump it into one rent fee.One thing to keep in mind is that friends often bail on deals like this once you get it so you have to be prepared to have to figure it out if you get the house and he isn't interested.

I also invested in improvements: new roof, water heaters, other major appliances, and a kitchen renovation.Now, my situation has completely shifted.

Where's the main water shutoff valve?

Waived Fees: For vacant lots that previously had homes, water meter and sewer tap impact fees are waived.

Test