@Chris PurcellOK, I assumed, my bad.

So if a non real estate job offers that it is not a necessarily bad choice to pursue it.

No, No, No.Highly unlikely they will move to save $200/month but if they would then they are not quality tenants.

If you haven't acquired previously, caution not to attack on multiple fronts right away...one at a time, learn from it and improve as you go...we are 1000% better equipped to acquire from the prior experiences...they do take time after acquisition for dust to settle and for you to see the effect as well as what strains it puts on your existing processes and infrastructure. 

Know your comps and visit them to not only ask what they charge but also to get a feel for the quality of the units, renovation level, curb appeal, functional obsolescence, etc.  

There's a situation that was presented to me about twenty minutes ago that has left me searching for quality solutions.

I wanted to see if any landlords out there had any experience with Water Boxes, good or bad. 

Lower tenant quality? 

@Daniel M Gibson sticking to fundamentals and your "gut" is always the best course.Unlike 99% of the investors on this site, my take is that investing for cash flow is a bad idea...it creates a jaundiced view of how things work...meaning that investing is about controlling assets as wisely as possible...not immediate cash flow.I use seller carried loans routinely because I'm in for the long haul (and I don't need rental income to survive)...as long as the purchase price makes sense, I could care less about income...the concept is debt paydown and future equity.

I have not personally experienced this but I have heard stories where leaks occurred in the unit above and trickled down to their unit causing issues the owners just couldn't avoid.I'm not saying its a good or bad investment.