Glad you didn't lose the money after putting so much money, effort, and time.Welcome to JBLM, if you need any assistance from a veteran realtor around here, contact me!

There's no extra CA punishment for that, but you and your properties are potentially exposed to legal risks, so you might lose the properties if things go wrong.

You will lose your shirt on this. 204k mortgage is $975 per month pi. 1% for taxes- $2400 or $200 per month.

Suppose the tenant loses his job? 

Each person has to have something to lose.  

Usually your only option is to lose money somehow. 

I have a personal trading account with little over 30k but I’m very conservative with it and typically when I profit it’s only about 100-500$ a trade or a few thousand a year, but I rarely ever lose money.

My best guess is that with the time of year and rental demand, I would lose $300 a month with a new tenant and it would take 6 weeks to find one.

I have 12 frustrated buyers at all levels, who are losing out on offers.

In that case I'd remove the bib.All my units are individually metered, with the bills in the tenents' names, so I couldn't care less how much water they use, or if they let the neighbors use it.I might ask the tenants about it.