This is purely hypothetical but I had an idea that I could explore if it's even legal.  

You do it purely for the monthly check, nothing more.

This property will probably be a pure appreciation play unless the price can be negotiated down or there are significant expense that can be cut or income that could be increased. 

But I know you guys are almost pure renters up there.Anyway, thanks for the market posting.

The school information is purely anecdotal from friends who live in the area and from a friend who is an administrator in the district.  

Real examples are pure gold.

I also change the furnace filters & the smoke alarm batteries.

A residence is nothing but an expensive doo-dad, so the mortgage is purely on the liability side.  

Had that happen back in the 80's when water was 'cheaper'.Unless there is some magical place where each unit is plumbed separate(highly unlikely here),,,no way to tell who uses what amounts of waterI ask for concessions too and received zip,,,they dont care,,,they treated all the waste water,,,they did all they need to.Those alarm things wont work too well,,,how many times you see smoke detectors with battery pulled??

If cost is purely the issue, there are at least 8 to 11 states where an LLC could be set up at a lower cost than that of California for instance but they may not offer a similar protection or other benefits as in Wyoming and Nevada.