On the other hand, it's a huge time drain and can be a real day killer.

If a SELLER has an option of paying $15k+ to sell their upside down house or run the risk of covering 2, 3 or ever 6 payments until the house is re-sold or rented will galdly take the option that does NOT require them to drain their savings.I have one of the most successful mortgage payment assignment programs out there.

Therefore, not so much of a drain financially .

And right now the city is tearing the hell out of those streets to install new storm drains in that area, so the lower prices may just reflect that relatively small submarket at this particular time.Beyond mid-rise v multifamily, the bigger question is whether the Inner Loop is being so saturated with housing supply  that it will drive down rents regardless of type.  

I managed to lose 13k on ONE property in a year, this included Excavating around the property to install drain tile, all of which we did in house with a skid and a excavator.

Make sure the tenants are trained well to not use "personal" wipes with these systems as they clog the lateral lines in the drain field too - many park owners include this in the park rules.Get three qualified professionals to inspect the well and septic systems for performance and to understand what it takes to maintain them properly and you should then have a good idea what this entails.  

The other half, (draining existing Freon, disposition, and refilling ect) was not covered as they do not insure Freon. 

If that wasn't enough, two days after closing Belmont (Sec 8) notified me of an issue with the stove (tenant doesn't use) and a drain in the bathroom.

We also made sure baseboards were heating and no air in the lines, drained and pressurized each line and made sure all was circulating.Cold weather reports we stopped by and cranked it up a few degrees for a few days and then backed it down.

Sewer drain issues, various faucets, recaulking of the bathtub, etc.