I think this really depends on a number of variables, but your first concern is always to maintain the health standards for your tenants.  

There are a couple of variables in flux at the moment which will help to minimize the risk slightly. 

There are so many variables that go into flood quotes. 

-Supply will probably always be there:  Unlike a business, you don't have to worry about the University shutting down.

If they are crossed it could cause *some* electrical problems.Laptop power supplies in particular are very tolerant of a wide range of voltages, often rated for 100-240v or more.

With all the news about lead in public water supplies, is anyone else concerned it may soon become the landlord's problem to deal with?

Even if OPEC decides today to scale back production it would take many months for the existing supply glut to rebalance and another 6 months to restart the wells and find the necessary personnel to oversee them bare minimum.Lot rents are going to go down more before they come back up, and playing a timing game can make or break you.  

I came across the SimplyCash Business Card from Amex, which among other benefits gives you 5% cash back at office stores and no annual fee.The cool thing about the office store discount is that you can use it to buy gift cards from vendors such as Home Depot, Lowes and Amazon -- my usual goto places for supplies to maintain the property and capex.

Anyway, I wanted to know if I could use a partner who would live in the property to qualify for an FHA loan, and then I would supply the down payment of 3%.

If you have adequate attic access it may be possible to replumb the entire building supplies with pex.