The current lease states the landlord is responsible for water, sewers, and garbage.   

Oh, and I should mention that water is on a master meter, if that makes a difference...

. - thats fix and flipBRRRRbuying property for $400k, ARV $700K, will try to save in renovation but will still come out to about $140keach 3 bedroom apartment in area is going for $2,300/month (confirmed with rentometer and local listings) Taxes are $5,300/yearso what I did was $2,300/month each unit = $4,600/month75% of $700,000 = $524,250 at 4.25% = mortgage payment of $3,943.82/monthWhen you add water, tax, insurance, maintenance I am getting another $1,138.75/monthso in the end you negative cash flow ($482.57)I know the property is being bought at the right price, compared to location, but can that be possible where a property makes sense as fix and flip and not as BRRRR? 

The eldest daughter, 14yo, stated that the youngest had spilled some water.

Also, I have to pay for normal utilities that he would normally cover for another tenant like water and sewer which also reduced the monthly rent.

-Settlement Fee: $595-795 depending which title company you hire to close the transaction-Owner's Title Insurance Policy: Roughly 0.2-0.3% of the purchase price-Recording Fees and other Misc: Another couple hundred dollarsFees that will only be present if you are using a mortgage to purchase the property:-Origination Fee: Varies and is typically represented as a percentage of the loan amount-Lender's title insurance: Another roughly 0.2% of the loan amount-Appraisal: $500-650-Misc Junk Fees: Processing, credit report, flood cert, etc etc etc: A few hundred to a thousand dollars depending on the mortgage companyCosts that are not fees but still need to be settled at closing:-Prepaid interest (if there's a mortgage)-First year insurance premium-Impounds to set up tax and insurance escrow accounts (if there's a mortgage that escrows T&I): A few month's worth of each-Prorated taxes, water, sewer-Heating fuel remaining in tanksWelcome to New Hampshire, and happy investing,Troy

They do have a sump pump installed yet there was enough water damage to ruin the carpet the first time, and the brand new carpet is now under water.

For example, right now I only have 2 rental properties in 2 different cities, so I call them Pleasant Grove house and Saratoga Springs house.

You have 4 sets of appliances, water heaters, etc.

Occasionally we find a listing that is around 200,000 but not often and probably not in the spring/summer selling season.