Since the rental market doesn't pick up until the spring, at least we have some time to weigh our options.

But the is an area where spring/summer is best for sales.I can fix up the kitchen and list it this fall or I can skip the improvements and rerent it for 6-18 months.

I agree with Michael that your main goal should be to determine if the property can generate a good positive cashflow after running the numbers and taking into account any cap X costs that may be coming up such as a new roof or hot water tank.

Hey guys,I have a property that I am putting under contract.It is in Clayton County, GA.The tenant of this property currently has large water bill.The owner of this property said that this water bill is tied to the owner and that it is not tied to the property itself.How true is this statement?

Or should I relist it  next spring at a higher value.

There are some parts of Chicago that do not have metered water services. 

@Bryan Martin - You also need to find out if the units are metered separately or is it master metered and if the owner (potentially you in the future) responsible for any of the expenses as far as the utilities are concerned i.e. electric, gas, water, sewer and trash/dumpsterWith a quad also make sure to get all the expenses (that are applicable) for common area like lighting, sec sys, landscaping, snow removal etc.

My name is Grant Hosticka recently graduated this spring from Indiana State with a degree in Unmanned Systems and a certificate in GIS and now work as a drone pilot for Ameren in the St.

A rough equivalent would be having the water not working in one of the bathroom sinks. 

The small fee you pay now might save you in the long run from getting into hot water and costing you thousands.