And since many lenders won't loan  on any purchase that is too low that reduces it even farther.

Sometimes wells have reduced flow in the winter due to water table fluctuations if its a shallow well, so you may only need to supplement with an occasional water delivery.

@Tony P.With the bad news out of Saudi Arabia, oil and energy related equities are very cheap.It'll be a rocky ride, and I would expect a quick turnaround, but it's an essential global commodity no matter what happens in the short-term.

The downsides on the line of credit are the risk of the line being frozen by the bank or reduced entirely so when you really need the money it might not be available.

What opportunities are there to reduce expenses or push rents?

I have arrived at a rough estimate of 2010's cash flow by using 2010's rent and subtracting PM fees @ 10%, Vacancy (using 2018 rates with a floor of 4%), and Taxes+Insurance+CapEx reduced by 15% (to account for inflation).

There are wires that stretch between each building for Duke Energy, Comcast, security cameras, etc.Last month a Rent-A-Center truck took out a bunch of my lines - I have the whole thing on video:https://youtu.be/BafD7fb5E-Mhttps://youtu.be/C0p-5q7MMiMTheir insurance company is refusing to pay the claim because they say my wires are not high enough and do not comply to NESC Guidelines.Does anybody know what NESC is, and as an apartment building owner is there some expectation of compliance?

Thanks for the response.... according to credit karma I haveNavy Federal CU $524..in good standardCredit one Bank $687 closed.. reported 2/27/2020First premier Bank $547 closed..reported 11/03/2019Electric and gas bill $179 closedCommission of public works $0 closedDominion energy SC $179 closed zZounds $179 closed Side note: the house in question was gifted to me by my father.

But I also don't forget about diversification because every investment is risky so to reduce these risks I created my property portfolio.

If there's some specific stand out theme, such and energy efficient, or built around an airstrip or stables, or a ski slope (scratch that last one), boating, etc...