For emergencies (fire, water, structure) they should call Latchel who then, in theory (again, never had to test it yet...thankfully!)

If its under water Also who was servicing the loan and what state is it in.

@Mario CastellanosBIG assumption but if accurate it means the property is under water meaning they owe more money on the property than it is worthThey would not be able to sell it without lender permission essentially.

The zip codes are 39211 and 39047.Would you say your comments hold water for those zip codes?

To us, the draw is the resort and their water park. 

It was the 'water master's house'--the person responsible for diverting the Colorado River water to the different properties/farms. 

Problem with including utilities in the rent is some tenants can abuse it (eg leave water running, windows open, etc).

Even with $700 cash flow, and significant equity, the 1031 gets me into a higher return property (if I can find the right buy) -- andn the one I'm seeking (multiunit, for MTR usage).Love this group!

Water & Sewer Service7.

However, here’s the catch with roofs: if it gets to the point where wind or water can creep in, small leaks can become big problems fast.