These faucets don't always turn on or the faucets turn on when you don't want them to; the water temperature is either too hot or too cold; and the water always comes on full blast.

I also think that some people just like to talk about it because its cool. 

Kinda cool.. 

When I was up in the attic of one of my houses I saw water dripping below the screws used to hold the satellite dish.  

Details below: Contracted Purchase Price $275,000 Seller agreed to finance 20% down over 5 years and contribute $2k towards closing costs Building needs no works as the current owner has fully remodeled each unit including new roofs All units currently rented, approved for section 8 (if needed), and is current on all licenses/city inspections20 separate parking spaces that can be rented each month for additional income (currently bringing $150 per month)Coin-op laundry on site bringing in approx $175 per monthSee below for property evaluation: Scheduled Gross Income           $92,880.00Less 5% Vacancy Rate              ($4,644.00)Gross Operating Income            $88,236.00Less Operating Expenses Taxes              ($15,179.00)Insurance        ($2,645.00)Water              ($2,400.00)Sewer/Trash   ($6,000.00) Mngmnt (7%)  ($6,176.52)---plan on self managing but need to allow for it Maintenance   ($4,411.80)Total Operating Expense           ($37,022.32)NOI                                             $51,213.68Cap Rate                                    18.6%Our lender does not want to allow us to use the full 20% from the seller.  

Water based primer or paint will cause it to peal off. 

@Sonya Stovall Cool, nice to meet you

Were considering for my portfolio the B2R / Dwell Finance or whatever entity they're operating under but this isn't cool - can completely break the feasability of a deal shortening the term like that for Elvin or the hand-tying aspects that Thomas has pointed out.  

Hi all,So we have a tenant that hasn't been paying the water bill.

Age of roof, boiler/furnace, hot water tank etc... will one side be vacant and ready for you or will you have to evict somebody?