Sorry, but I need to tell one more short story.I have a 24-unit apartment building and I had one tenant who had moisture on his windows every day where it looked like he sprayed the window with water from the inside.

Some things you can negotiate such as you wanted to put in a new water heater on the day they have a birthday party planned. 

Built into televisions, laptops, Alexa, Google and Apple devices, not to mention a slew of "spy" cameras designed to look like ordinary household items (water bottles, phone chargers, clocks, smoke detectors, shower heads, and even teddy bears).

The water heater had a little corrosion, which I saw (and frankly means it needs to be replaced) and he said one previous inspector noticed a little condensation in the electric panel.

Also got to go and deal with an air conditioning issue at my other property, Shop vacuuming up water and cleaning up a basement floor!

Water management is another huge issue - wells, septics, sump pumps - didn't really know anything about these, but have gotten an expensive crash course! 

@Joshua TanWe have access to a Landlord insurance program that includes 2500 deductible, 1 million liability, replacement cost, loss of rents, and water back up that is very competitive in price.

What got my attention with this property is how it compares to other water front properties in this rural area.

The joists are about 2 ft higher but there is too much in the way to get to the joists, water pipes, furnace ducts, would take more work than needs to be and I am fine with the ceiling height where the drop ceiling used to be.Originally posted by @Theresa Harris:Is there no framing about the drop ceiling? 

@Benjamin Klos I buy the water and gas line insurance also.