As seen in the report, I am charging utility outside of water and garbage to the tenants and about a 7% average for vacancy, maintenance and cap X with a 25 allocation each month as extra.

When the Fed increases rates to 6%, cold water will be thrown on this hot market.

I tried to do everything and after a couple shocks and some water damage I learned my lesson.

Worst case, I can replace an HVAC and water heater in the same timeframe.

It is relatively well maintained and owner changed the roof in 2011 and water heater in 2020. 

This past summer the next-door neighbor had a plumbing repair (that was not HOA approved) and his "workers" did not turn off the water main.

And as David Greene referred to it, in his “Long Distance Real Estate Investing” book, keep as much water (equity) in your cup as possible?

I have a number of LTR’s but STR blows the LTR’s out of the water.  

Hi,I had Americanway HVAC and plumbing change out my AC equipment and also change one of the water heaters.They were pretty good and not outlandishly priced.

It's why we won't buy in the sunbelt states that are so popular but where lack of water is going to become a more urgent problem.