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

I have been listening to the ask pod cast and keep getting pumped.

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.  

The property is on a water well system and the well has run dry22.

All the downspouts were routed into it existing drains so there was no drainage or water issues.I am not sure what you mean by SIP but that probably means that we didn't have to do it!

Call the power and water company to verify the units are up to date on payments.  

Tenants pay water/sewer/electric/heat.