But cable is like a water pipe that is shared among everyone on the line.  

I always like to do a little incremental updating and stay on top of things on a new purchase while the tenants in there, that way there's less to do when they move out. a new vanity and faucet is just a couple of hours work, and inexpensive and will do wonders to update the look.I like to buy slightly higher end faucets while on sale to have in stock for just such a situation. also if it's a older toilet that uses 5 gallons per flush I always replace them with a new toilet that I also buy on sale usually $100.00 or so but saves a ton on water bills.

The closer to the water the better. 

This is an easy way to get started, test the water and learn the basics.

What is the process on getting a C.O.Also there is 1 heating and water bill for the whole building.

We now own 90+ water heaters(or units of sfrs and apartments).

Not all lenders track guideline changes.Most lenders base their knowledge around water cooler chit-chat, which is disappointing but true.Classic Example: The Americans with Disabilities Act, and presumably the corresponding mortgage guideline changes, was like 25 freaking years ago, but I still had an older coworker shocked and assume fraud when I did a loan for a guy on temporary disability.

So even though I didn't quite have the numbers where they needed to be, I made the leap anyway knowing that it was up to me to make it happen, hell or high water.

The worst thing is that we really get very few services for our taxes, i.e. no city water, i have a septic system on my property.

Most investors would probably calculate 8-10%, so maybe another $690 per month.Next, I don't see any expenses related to sewer and water, or other utilities.