The tenant just put duct tape over it so no water could soak into the wood below and kept on using the countertop.

House took in 3-4 in of water.

I recently reviewed a list from a local township, and it looks like more than real estate taxes are considered with regard to tax liens (e.g. water/sewer, public utilities).  

You may be able to negotiate this into your management contract.Sewer / Water: $30-40/unit/month.

I then had a severe drop in water pressure.

I was budgeting for 300/ month for water/sewer which I thought was reasonable until I called the water department.

That mismatch between expectation and reality has cooled interest somewhat. 

The hard money costs, property taxes, electric/gas, and water bills really add up and need to be taken into consideration when evaluating any potential flip deal.

My property is old, built in 1957, but so far the only issue that it had was the water heater that was replaced by the HW company.Any thoughts?

New ceiling in carportInspector suggested some vapor barrier in the crawlspace of one building.new railing on balconiessome new appliances and water heatersNew laundry machinesAt the end of the day, I am still learning, but I am struggling to see what to do to make this thing profitable.