We will begin by billing water back to the tenants, and increasing rent to market values when turnover occurs.

In some cities the water and/or sewer are ultimately the responsibility of the owner, but the residents get the bill.  

I know of folks who have LTRs near bodies of water (Mystic, Goshen etc) and I’ve looked into it but not nearly enough to provide any sort of advice.

We conduct semi-annual preventative maintenance walkthroughs where we focus on looking for water, any major issues and illegal activities.

And if the loan is in a state where a servicing licence is required, and you don't have one, could end up in hot water if the borrower files a complaint with either of the the above and/or the attorney general. 

If hey call and say the water heater burst at a rental and it’s $985.

There needs to be a 24 hour "water test".

Need:rental incomemortgage paymentsmonthly principal paymentexpenses, property taxes, repairs, insurance, water, electric, etc.ability to increase rents every year.amount paidbalance on loanscurrent valuehow much have they appreciated in valueWhat are 8-unit streams?

Total expenses$15,844 Mortgage$3,055 Taxes$2,542 Insurance$1,300 Variable expenses$7,897 Fixed expenses$1,050 Fixed expenses$1,050 Water & sewer$800 garbage$250 Variable expenses$7,897 Vacancy$1,755 Maintenance$2,632 CapEx$1,755 Management fees$1,755Monthly cash flow: $1,900 /moIncome: $18,600 /moExpenses: $16,699 /moCoC ROI: 10.05%Any insight would be greatly appreciated.

I was curious, there is a place here that is pumping millions into their small town economy to rebuild the town, future growth and development, and to revitalize the city.