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. 

He helps out with the trash and keeps an eye out, so I was cool with leaving him alone while I concentrated on the other units.It was okay till I finished renovating a couple of the other units and created storage and laundry in the basement, where their studio apt is.

I have a flat roof rental in the southwest that currently has evaporative cooling.  

It serves two purposes, it allows for a water proof cover for the joint & gives you a better caulked finish for the shower door frame.I also always add a 2x4 behind the joint to ensure a good solid screw anchor for the shower door framing.Tough to see but it blends in nicely & the PVC wraps around the corner on this one.