Currently the water heater tanks are 13 and 9 years old, I plan to swap out the 13 year old one as at that age it is a time bomb.I pay for the water and the electricity to heat the water.Is it possible to pass some of the electric bill onto the tenants by installing some type of point of use water heater in the individual units (1 bathroom in each unit).I was thinking it might be possible to keep the water heaters at a very low temperature (say warm water, but not hot enough to have a shower for example). 

I see no reason for any pressure on the rates based on the above.Actually, in all good reality, supply will be following suit slower than the influx of people drawn to this "hot region" simply because cities have no interest in allowing too much, i.e. uncontrolled, growth and will limit the ability to develop new construction.

So we all know a pool is generally regarded as a bad investment, and I might get back 25-50% of it's purchase price, but this is Florida and it's damn hot here, lol.So we have been looking and not finding a ton in our comfort range.

He finishes law school in May at which time his lease ends (unfortunately he's not gonna be a real estate attorney) This place is in a great location with tons of potential for a great Airbnb property & ARV but definitely needs upgrades (close to college, hospital, airport, huge backyard w/ deck built around hot tub, a pond w waterfall, wood burning fire stove, etc) I personally know the homeowner from when he graduated w my brother & my dad was his hs baseball coach so I reached out to him and acted like I was interested in possibly renting it next if I couldn't find a place to buy first.

I believe HUD will only grant each person or household 1 FHA loan and the 203k is a loan provided by the FHA (via HUD), so it may be one of the other.

What do you see as the hot rental markets in Troy?  

Those areas are also pretty hot as far as the housing market goes, but you have a better chance of finding something there where the numbers will make sense. 

I sold my rental in Rose Village 6 months to soon. Price skyrocketed 15%. Are there any others "UP AND COMING" neighborhoods in the area and why do you think so?

I like you already: "When life trows you lemons, make lemonade"When the scrapes come off may i recommend a good nice-smelly long hot bath?

Update: I spoke with 3 agents today in the Cleburne are and all have stated that the market is hot right now and homes are indeed selling.