Usually these ordinances are just to have a contact person for emergencies like water leaks, etc.

I am pretty focused on sustainability so my updates are going to include a lot of LED lighting and water saving measures, going to be one big green money-making machine here soon.Tenants on the other side came with the purchase so haven't gotten to test out the ultimate guide on tenant screening yet. 

I hence want to test water to see what it has to offer. 

@Mohsin Mazhar You are correct that the other unit will probably not cover the mortgage for a standard down payment.

Rather a dose of cold water now than a flood later!

The entire street and surrounding streets are all have a well as the water source.

I quickly made the following report just based off my friend saying that we would need $100k to update everything to bring it up to the neighborhood standard.  

If electrical wiring and plumbing are damaged, worst-case scenario you are looking at all copper wiring and copper water lines being stolen.

A licensed agent acting unethically will be acted upon without you doing more than reporting it, so they have a much higher standard to uphold and much more definite consequences.As for the tax advantages, they are huge for a long time owner. 

Completely new kitchen, bath, high efficiency HVAC, new water heater, everything freshly painted, re-finished existing hardwoods.