Until just before lease signing I had not thought about this with water being in my name, but water will be in the tenant's name going forward, so do I need to be concerned about continuing to water the grass using tenant paid water?

Thats my real concern.

I have concerns that I will be tying my hands a bit if I eventually want to sell / develop the two lots together or if I want to hold for a bit and draw lines of credit against the lots.Thanks,Juan Monge

I couldn’t stand the extreme level of micromanaging involved and soon realized that I want to be my own boss.

Banks are overflowing with cash reserves.The problem is that housing inventory is extremely low.

Due to some areas not having rent control, the cap rates that they are trading @ can be extremely aggressive, I have seen as low as 3% based on pure speculation and projections.

In addition to the above I am extremely familiar with Canton, Plymouth, Northville, Novi, Livonia, Farmington, Wayne, Westland, Garden City, Redford, Inkster, Belleville, Dearborn and Detroit. 

Saying I did (extreme damage to the property and regardless to the terms of the note and mortgage I should be held liable personally, pay attorney fees, and any amount that was still owed after the foreclosure sell.

So there is that concern, I don’t know when homes in my area were required to be build with 3 wire common ground electrical, and then there’s the plumbing of course, I don’t know when iron was no longer allowed either.

The market is extremely high right now.