Every few days they were just dumping the whole thing and refilling it instead of cleaning...Sub metering is the way to go if you can, or in WI we can even just define in the lease that water will be split equally among all tenants - which can help some tenants keep other tenants using excessive water in check since they know they are all splitting the bill.

By following a disciplined guideline such as this, you never buy trash properties that run high costs, you never buy excessively costly properties that the average american cant afford to buy from you if you chose to liquidate, and you maintain a profit margin of your desired end point.Obviously as well, you can tell that you are more limited in the types of properties that you can buy, and where you can buy for obvious regions, but in higher populated regions, rents are always more expensive simply because of supply and demand.

I'm still in the "ramp up" stage of my investing career, but with three units I can tell you I've never had a property vacant for more than 13 days. 

Or, even if there have been modern updates to this infrastructure, maybe I should expect to pay a premium for a system that is 5,10,15 yrs newer - although that seems to imply an excessive rate of depreciation on these systems...)Any help from you savvy real estate pros is helpful, same goes for any other suggestions/advice you can offer.Sorry for the somewhat abstract questions - brand new to home renovations - hopefully I articulated this clearly enough.

To me, the term "gouging" implies that the fees being charged are unnecessary and excessive; simply “additional profit” that adds little or no value to a client or customer.

I'm very much in the learning stages but have decent financial modeling skills and a MBA which should help me get started.

At this stage in my life I am entering reeducation and unlearning everything the school systems have taught me about being a Cog in the machine (employee) and learning how to build a machine (buisiness).

A co-worker of mine is in the beginning stages of buying/building a new house in a new development that is just now under construction and will be selling the house she lives in now. 

(i am joking) I have not decided what marketing material i'll use (yellow letter, postcard) but from what it looks like it more important to make any move rather than stress over these details (at this stage in the game)Can anyone offer any other perks that I may have missed? 

Ideally I would like the properties to be in driving distance at least in the beginning stages.