That’s a pure cash flow play - monthly interest payments hitting your bank account is a great feeling!

Does one include heat and water versus the other that is separately metered?  

@Justin,  No you don't need to provide notice however make sure to notify if you will be disturbing common areas, shutting off water to washing machines, having alot of workmen on site. 

I think what muddy’s the water is we have four LTR and three STR’s.

The tenants only have to pay electric and they get parking, and a garage while I cover water, sewer, trash, and gas. 

The water will come from a well in the ground.

Major water damage in my investment property from a sudden pipe burst there was some other damage from a break inand had a previous break itI have max 160k  insurance payout.It is a builders risk policy for house flipping.

Long story short, I have a water front piece of land in NW Cape Coral that I have been trying to sell for nearly a year without success. 

In the process of BUYING a PURE Option to buy a SFH subject to an existing loan (at a lower fixed long term interest rate)Let say the OPTION "Strike price" to BUY the property IF or WHEN the OPTION is EXERCISED is $300K The seller wants $60K to sell us the OPTION.

“People just can’t keep their heads above water,” she said.