LOL.. most investors probably would not have bought there because the returns would have looked to low compared to other markets in the country... but as you point out you mitigate risk with the proper property to start.Much like what happened in the Portland market.. not a hot bed for most investors to buy rentals other than savvy locals or CA folks. 

Does anyone know if installing separate water meters is a good thing to do in a multi family home?

As some of you may know, CO is currently in a HOT market and Parker continues to grow steadily as a suburb in the southern Denver metro area. 

Another solution may be to vent the attic space, if it is getting to hot up there and cool downstairs, that will cause humidity at the ceiling and  while your at it check the insulation in the attic, make sure there is enough to keep the temperature difference between the cooled space and the hot attic. hope one of these helps you.

I put out marketing packages based on actual numbers because all experienced investors will do their own underwriting and make offers based on real numbers but this is hardly the norm.It would behoove you to look at IREM.org as they have financial information from local property managers in every major market and they'll give you the real numbers when it comes to the cost of repairs, water & sewer, heat, electrical, payroll and other information.Once you have this, you should start practicing underwriting deals with your own spreadsheet or one like RealData so you can learn what a deal will actually make versus what BS brokers put out to market.

pumping a tank should always be on the shoulders of landlord / property management and priced in with the cost of rent also you should make a note that tenants are NOT to use bleach and or antibacterial soaps as these products will kill the bacteria in the tank and cause a lot of problems down the road also it is a good idea to add  a bacteria of some sort to keep it working properly you can buy the over the counter stuff or just add some yeast mixed with water once a year or so I use bakers yeast every three to four years  

I'm so tired of spending so much time installing regular 10mm laminate flooring and the seeing water damage or tenant chips in this stuff.  

If there is not - then probably best to pass on the deal in a hot market people will overlook the nuances of the situation, in a slow market, it will kill your value.

If that's the case then you have $2K for insurance, break/fix, utilities (almost certainly water), landscaping, etc.  

@Youdo Thirakul , My husband grew up in AK and his Best Friend hot his start in RE up in Juneau.