The term "100 year" means there is a 1% statistical chance of that rainfall happening in ANY year.

This would include items such as the carpet, parking lot, landscaping, sidewalks, decorative lighting, cabinetry, etc.

As the article states, it's statistically low and most of the problems appear to occur when host and guest sleep in the same area.

With condos there's generally less for the investor to worry about in terms of large unexpected expenses since the HOA handles most a lot of the CapEx and some of the operating expenses like roof, common areas, mechanicals not in your unit, landscaping, snow removal, some utilities, etc.

I am interested in knowing what I would have to take care of for a tenant such as utilities like water, sewage, landscaping etc.

They've been good so far, early payments, upgrading the landscaping, neighbors love them, few things I needed to fix for them. 

Drought Monitor (the government’s official drought-tracking service) reveal a parched landscape the likes of which the American West hasn’t seen in decades.

I have cleaners, landscapers, handymen, etc. lined up.

From what I can tell the dwelling needs a new roof, front and back doors, new drywall, fixtures, windows, landscaping.

Depending on what you like there are more social options like networking events/ building relationships with local businesses & other sales ppl (insurance, cars, beauty ppl, contractors, landscapers, carpenters, etc.) / marketing with industry partners.