The lease I inherited had the landlord paying the water bill, and all other utilities are tenant paid.So I am thinking Rather than increasing the rent, it would be a good idea to keep the rent amount the same but have the tenant pay the water bill.I'd love to get some thoughts on this- is this a good idea?

Oklahoma HB 3104This act shall be known and may be cited as the "Predatory Real Estate Wholesaler Prohibition Act".Read the bill: CLICK HERE

If you can't afford to have 20k-30k in a true "rehab" budget for this, I think you'll find you are fronting a high CAPEX bill up front with no/little income coming in, and that can be a major strain if you aren't expecting it.

Or the bill and a fee.

Another downside to it is you have to come up with 25-30% down to acquire a property, and then you have to foot the bill for all the renovation costs - that's why you have to wait for the flip before you can acquire and get started on another project. 

People will sell you a bill of goods on what a "B" property is - confirm that with a contractor, property manager, or someone else you trust).

In Baltimore the water department leaves the bill on regardless if its paid thus if the tenant does not pay it it can run real high over the years. 

Take a look at the expenses: are there ways to minimize maybe by offering a cable package or from Water Bill perspective, installing water-efficient plumbing.

@Alden TinderGet a low limit ($500) free cc and use it to pay your cell phone bill.

It’s just one more bill for you to pay.