The property I offered on needed a new roof and had some water damage so the seller was only accepting highest and best all-cash offers.

Or could i find myself under water with this strategy.

It may be that the rent is actually $600 and $400 of that is going to the water or electric bill.

All this to say, I want to shout out (sorry for those I am not connected with, the tag doesn't allow me):@John Underwood  @michael baum @luke carl @julie mccoy@paul sandhu (for horror stories and comedy)From which thermostat/locks/water heaters, pots/pans, processes, marketing, all of it... you guys (and gals) have been so helpful.

Trying to dip my toe into the real estate waters before buying a rental property.

The crusher run gravel is a mix of powder and gravel and compacts well when you drive over it to help keep water out.

The hoa that surrounds this has boat docks and water front properties.

In my area refuse and sewer are the most common, but I have seen water and electric provided by the government as well.

Using all fha mortgages means you aren't putting hardly any money into the deal and with prices rising you could be under water in the future. 

Somethings in the water there these days isn't there !!!