His response- "I think the bills are fine".Bottom line- when the purchase was complete, and I got into things at the bldg, I found water leaks everywhere (toilets that ran all the time, sinks with a pencil thin water dribble that wouldn't shut off...)I quickly addressed these findings, and, like magic, the water bill for the bldg settled in at under 500 gal/wk per unit (anywhere from 9-11.000 gal/wk).

Landlords would never have to deal with tenants at all hours of the night for a backed up tub / toilet.

I have a duplex with 3 beds 1 bath per side. 4 adults, 4 youth and a infant and water runs over $100 per month. more when they don't hear the toilet running and forget to call me to fix it.

You don't have to get keys back and you can just call the police if they squat or are trespassing...I see you are in Michigan...are you selling this with a land contract?

you'll find that most of the people running baltimore city are ignorant indifferent incompetents lucky to have ever found a job doing anything better than cleaning toilets.

I have invested in all of the above, and found Self-Storage provides the most cash flow, and Cash on Cash return -  WITHOUT all the hassles of Tenants, Toilets, and Trash.Several deals in the area that have skyrocketed in value with the increased demand for storage due to lack of supply in the San Antonio Market. 

A few people mentioned a few things, but, I am surprised nobody said the terrible T's....Tenants Toilets Trash Termites 

Some tenants will view the legal document known as a lease as nothing more than toilet paper.The lesson that should be learned from this is that a landlord should not let a tenant "slide" regarding rent. 

In addition to the burn in the kitchen floor, there was a leaky toilet that she failed to inform be of in a timely fashion.

Plumbing in place for a toilet.