In fact, I'm amazed at how cheap water and labor are here.You are telling me that increases in expenses, asset values or interest rates make rents rise.

Are you responsible for hail damage on their car when there is a storm too?

The garbage hasn't been picked up in forever and the water has been shut off for weeks.

Free glasses of water and bathroom use, at most restaurants, is a courtesy provided to current or (recognized) past customers, but not necessarily everyone asserting that they maybe will be a customer someday in the future.

Resulting in a decent amount of water damage in the basement. 

This would be in a flood zone that is considered low to moderate (X flood zone)  https://www.sacbee.com/news/state/california/water-and-drought/article170234577.html https://www.sacbee.com/news/state/california/water-and-drought/article170268322.htmlYOUR FLOOD NERd

I was called over to a property today due to a report of low water pressure and a leaky pipe.

Hi Fellow BP members,Has anyone had success investing in real estate that allotted for the private ownership of a pond/ body of water?

When blood is in the water financing his MUCH harder to come by.

Its not uncommon to have the EMD as liquidated damages if you default on the contract, and you are in default.