All water, sewer, and electrical infrastructure is being replaced.

So, it is something to be wary of with the liklihood of choppy financial waters ahead. 4.

But I will have over a million in pure gross income coming in 25.  

You said public water was available...would the lots require a septic system to be installed or is public sewer available? 

On top of that, the water pipes are on the ground, which is not allowed; they should be run inside the walls.

Your PM replaced the water heater because it was leaking.

For the 2-3 months of dry heat, (that most of us spend in the pool or at the lake) we get to enjoy 9-10 months of pure joyous weather without extreme rain, snow, hurricanes, tornados or any other extreme conditions. :)

Without solid knowledge on this subject, you can easily end up in hot water. 

The "purely code" stables, I wouldn't suggest.

If you buy a hot water heater for the other unit, you can write off 100% because you have no personal use of that hot water heater. etc.