Once a landlord gets into leaving "a somewhat decent bottle of wine" and any sort of Martha Stewart branded product for a tenant (@Jill F. you made me laugh out loud), I just have to throw up my hands and walk away from all this aspirational parvenu nonsense.The very best wine I've had in my life was sold for ten euros for a 1.5 liter PET water bottle of it out of a big old glass νταμιτζάνα in my second cousin's buddy's shed on a tiny Greek island you've never heard of.

.- City water/sewer.  

I would assume that the CapEx is reserves for water heater, furnace and other items like that.

Garbage, for example, can just be split evenly whereas water will depend on number of inhabitants. 

If water and sewer is really going to cost you $400/month and all those other expenses are really that high, then I think the numbers are telling the story...there is not enough rent coming in to cover it unless you put more down and get rid of that PMI and high P&I.  

Had to replace a garage door opener and a microwave so far, about $300ea  We’ll either move there or raise the rent in 2021 as we decide if we can tolerate the humidity to live on the water. 

Any good water front restaurant recommendations from the BP Community?

I know the market is red hot, and we are not in a hurry as we are looking to invest excess cash flow into a couple of houses a year over the next six or seven years.

With our red hot economy due for some kind of correction, going bigger might be better for the simple logic of sustainability.If you buy a nicer 6-Plex in a nice area vs. a working class 30 unit with lower rents in a decent stable C neighborhood what happens when you get a vacancy?  

If the house has a basement, look for water stains on the basement walls or where the wall meets the ground.