You’d stalk the watering hole.I don’t care who you are; your *** will beat that watering hole at some point TODAY.Now, keep that thought.Let's talk about lists: the foreclosure list, absentee owners list probate list…What is a list anyway?

I hate to see  new members being shot down when they dip their toes in the water.

@Justin,  No you don't need to provide notice however make sure to notify if you will be disturbing common areas, shutting off water to washing machines, having alot of workmen on site. 

Does one include heat and water versus the other that is separately metered?  

The thing I would be worried about is that these two properties will consume your entire life, you will have to overspend on both, you will overdo it on both because of the attachment and will end up with properties that are worth way more to you (emotionally) than to the open market.Your area has starkly rising insurance costs because of fires and the property in Carlsbad being near the water now has strong flood risk so your insurance and holding costs are going to keep going up and up which may hold down the overall value.

Long story short, I have a water front piece of land in NW Cape Coral that I have been trying to sell for nearly a year without success. 

The tenants only have to pay electric and they get parking, and a garage while I cover water, sewer, trash, and gas. 

One will not cover damage covered by water damage 'from above' and then theother will not cover damage caused by water 'from below' (flood) and then they cross reference them and don't pay at all.The good ole Insurance people will do anything to not do their job, which is to pay for their clients damages.There is $$ available through FEMA, but it isn't much and good luck getting it.Question is......even if you can get some money do you rebuild in the same locations?

The water will come from a well in the ground.

I think what muddy’s the water is we have four LTR and three STR’s.