How many water heaters do you want to deal with?

I am on well, so I don't have a cost, but I don't want to generally waste water. 

@Pat Aboukhaled wife & I have thought this would be a great use of failing malls for affordable housing.Unfortunately, as @Greg Scott points out, many people take the path of least resistance, which can ruin the idea.So, you'd want security cameras and maybe even security guards to hold residents accountable. 

This property in particular had some additional unforeseen costs (main water line damage, sewer line damage, etc.) that certainly caused us to go way over budget.

Cutting back vegetation etc.The home probably got more deferred maintenance, water damage evident even in this video.

I still cannot rent this property without essentials like water/power despite the repairs.  

And your gambling a LOT of $ on trying something out, via purchasing a property to try the waters.     

Regular inspections for any signs of wear, cracks, or water damage are advisable to maintain the facade's integrity.Parking and Access: The covered parking area is a significant advantage for tenants, but ensures the area is well-lit and secure to prevent any potential safety issues.Interior Features:Layout: The open floor plan with large windows ensures ample natural light, which is appealing to tenants.

I will post my story on here... it resulted in a more than 8000 loss... and water bills which were not paid, and which Northpoint was supposed to assist in transfering to tenant's name. 

They have a ton of equity >$100K, <3%, but older home in need of roof, A/C, and water heater in next 5-10 years.