Then it gets even worse when you need a new roof, need to paint the building, make unexpected plumbing repairs for the water and drain pipes, install a new water heater, or replace a furnace.I looked at the most-beautiful 108-unit property in Klammath Falls Oregon about 18 years ago and the units were selling for half the price of the units in Los Angeles County, but the problem was the rents for a 1-bedroom unit was only %450 and the 2-bedroom units were only $550.

On septic and public water.

While the techs there, have him install a float switch so the unit will not start until the water level drops. 

But, it's not waterproof, not even very water resistant.

Therefore water/energy efficiency is of the tenant's concern and not mine, in addition to the condition of fixtures within the suite. 

I have made a number of capital project improvements including insulating the entire building, renovating one unit, and installing two new water heaters.

HVAC - you should be able to check the year that a furnace, boiler, or water heater was installed.

You when then need to determine the expenses on the property such as taxes, water, trash, electric, maintenance and etc.

I am long time listener of the podcast and I am so excited to connect with likeminded people.I am a part of the Quiet Waters Realty Group team through eXp out here on the east coast of North Carolina.

Values depend on location/gulf access, bridges, water/sewer assessments paid already, etc.