On the flip side, I would rather not have to send out an e-mail/bill splitting up the water charges per tenant every month.Is there a better way? 

You can get a lot more juice out of a deal if you squeeze it yourself.

Hi Darrell, I have found value investing in Cleveland, OH because it is home to Cleveland Clinic, lot of good neighborhoods, landlord friendly laws, stable appreciation and good cash flowing properties.

Hi Kristin, I have found value investing in Cleveland, OH because it is home to Cleveland Clinic, lot of good neighborhoods, landlord friendly laws, stable appreciation and good cash flowing properties.

Hi Michael, I have found value investing in Cleveland, OH because it is home to Cleveland Clinic, lot of good neighborhoods, landlord friendly laws, stable appreciation and good cash flowing properties.

For example, here in Chicago I know lenders that offer 5% and 10% down programs that are off the shelf.

you may want to strongly consider being the bank on a good portion of this cash. owning rentals that you do yourself is a lot of work .. and BRRR even more so with a ton of risk if you have no experience at it.its only my thought process but if your going to buy rentals I would by top shelf not the ones that advertise the greatest returns you U take on risk with those. 

Quote from @Mary E.

Because a person who can bring value, having command on (a) how to recognize a deal (b) getting a deal (c) setting up a proficient team of pro's (d) managing such deal (e) recruiting all the resources necessary (f) pivoting through the stages from acquisition, renovation, monetization (g) tenant placement.......

Quote from @Scott E.: Welcome to the forums Tyler!