Cold calling on properties you find driving for dollars and from free lists from the county or city like water shutoff if they offer it, evictions and code violation.

Since this was my first primary residence, I didn't consider the cash-flow potential, however it was a top-floor, water view condo with it's own private roof-top deck, so I felt it had intrinsic value.

Since this was my first primary residence, I didn't consider the cash-flow potential, however it was a top-floor, water view condo with it's own private roof-top deck, so I felt it had intrinsic value.

Outcome was better than anticipated and rents are higher than I expected :) Property came with new roof, AC, hot water, and furnaces.Total rent in 4 units: $3,265What made you interested in investing in this type of deal?

This years record rainfall had many houses have basement water problems that never had them before. 

Water paid by the landlord.The building has flood insurance too.100% occupancy.Tax for 2018 $ 3241.00Expenses run about $46,000 per year.

Anyone have a recommendation for a water submetering system for a small multi family property?

Nice quiet street near the water. 850 sq feet.  3 beds 1 bath.  

So April comes and he gives us a check out of new account for his back rent, water, lates fees and this months rent.

I asked my attorney and he "While the churches are exempt from taxes they are not exempt from water bill or city citations."