How do you know if your tenants are paying the water bill on time when you own multiple properties?

My vehicle is to hold and buy multiple family rentals and work my way into financial independence.Thank you :).

If you use all your cash on one deal, you will own it, but will have nothing to start your next deal- which will inevitably present itself to you right after you spent all your money. the cash out refi sounds sexy as hell, but I’ve had multiple occasions where I haven’t been able to get a cash out refi done - but I’ve refi’d plenty HML’s to long term.

Lastly, once you get all that set up, I would highly consider umbrella insurance especially if you have multiple properties, it bolsters the liability part of not only your properties' insurance but of your personal home and auto as well - once the liability limits on these policies have been exhausted that is when umbrella insurance kicks in. 

You'd be giving up CONSIDERABLE cash flow and, honestly, with multiple housing authorities in Bham, the red tape, delays, inspections, etc. just wouldn't be worth it even if they would pay market rents.

The agent mentioned that they had multiple cash offers.

I’ve always pro-rated the 1st month but I have property mgmt software that can easily keep track of multiple due dates.

I’ve always pro-rated the 1st month but now that I have property mgmt software it can easily keep track of multiple due dates.

I’ve always pro-rated the 1st month but now that I have property mgmt software it can easily keep track of multiple due dates.

I know there are multiple variables, so here's the house in question:https://www.trulia.com/p/nj/cranford/42-hillcrest-ave-cranford-nj-07016--2005899938thanks in advance!