Seems time intensive. 

If it's not adjusted correctly there won't be enough water to flush everything down. 

But all markets adjust over time.  

As a thought exercise, if I were to sell and take my $45K of equity and put it in an index fund earning inflation-adjusted 7% return, it would take 16 years for that to turn back into my original $130K.

MAYBE they adjust that up or down 10% depending on outside factors but they’re not checking the assessed value. 

The eviction process in DE has become so tough and time intensive to do that we use an attorney as needed.

.- Interest Rate Adjustments: Interest rate cuts may not happen as quickly or as significantly as expected.

On a Fannie Mae loan, your scenario has a major Loan Level Price Adjustment (LLPA) of 4.125% for a second home with a loan to value of 85.1% to 90% plus a hit of .75% and another for .25%.

Including Water in Rent: Another option is to adjust the rent for each unit to include the cost of water.

I suspect this is due to either a better sales group, or the risk was simply adjust higher on the ones I went in.