.$4,200 total income-$500/ property tax-$200/m insurance-$150/m maintenance-$100/m city utilities (water/sewer)-$210/m 5% vacancy (even 5% is overkill)-$2,500/m mortgage ($700k @ 2%)=$540/m cashflow - Even if you wanted to have a property manager at 10% the property would still be cashflow positive.This property only generates 0.47% of the purchase price per month (nowhere near the 1% rule) but still cashflows. 

WDOs, water tests & sewer inspections not required.Disadvantages:1. 

Get some exact numbers for the well- the number of feet you need to go down, the soil type and quality of water all matter

Also has late water bill and city wants to attach it to my Home thru a lien. ( water bill is aprox. $400)She gave me a verbal notice that she was moving out June 2020.

They did thorough research on the property interests, including contacting the township to inquire about any vacancy fees, unpaid water bills and such.

Well you can test the water by setting your prices higher for anything beyond say 6 weeks.  

When I was younger people always cautioned me against renting apartments where heat or water was split with tenants. 

Come on in the water is fine 

Inexperienced boat drivers can easily run the boat into shallow water or seaweed and damage the motor.

We have had some very wet weather here and I have discovered a bit of water on the 3rd floor unit sheetrock, and some water at the wall level (same spot on the building) of the 1st floor unit resulting in some damp sheetrock.