what is lot rent, what is the utilities....private or city water/sewer. 

My first spreadsheet is condensed information form my mortgage broker and lists on the Y axis (vertical): mortgage terms, rate, APR, fixed term, years, credit score, loan amount, sales price, percent down, down payment, FHA funding fee, Total Loan Amount, Estimated Monthly Payment, Principle & Interest, Homeowners Insurance (Flood + Home), Property Taxes (1.23% home price in my county), Mortgage Insurance, HOA Dues, origination fee, appraisal fee, tax service, flood certification, credit report, attorney's fee, title insurance-lenders, title insurance-owners, recording fee, verification of employment, survey, home inspection, water/septic if well, pest, 1st year homeowner's insurance premium, homeowner's insurance escrow, property tax escrow, per diem interest, down payment, closing costs, prepaid expensesOn the X axis (horizontal) I have the numbers for 200k, 250k, 300k, 350k, 400k broken down into whether it's single family or multifamily, then FHA or conventional2.)

That tells me that there is still need for under $300k housing but likely a cooling down of $650K housing. 

Assuming they are water tight and no termites, mold, or rot.

Another coverage to consider is Water Backup.I would maximize the Liability coverage and consider an umbrella above it

It's on the water, has a thriving downtown that is trendy at time. 

Can you have the tenants pay water/sewer/garbage?

One thing I did was get my own insurance policy and glad I did because I incurred 12K worth of water damage about a few months later after the transaction.

Is it state law that water and sewer be paid by the owner? 

They resist water and rot better.