Total cash flow is 183 currently renting for 2050 which is high for my area but not too high for the property in general it is in a very nice neighborhood but here are the issues.1. it's on a flood plane and it did have minor flooding while I lived there it didn't get in the house but did damage dry wall in the garage and had to replace insulation in the crawl space.

"I have insurance for this" "as a whole when it rains the property retains water leaving the backyard squishy for a few days and the village wont allow for any regrading of the property to fix the issue"2.

i will hire out stuff like garage door springs, water line replacement, new roofs to name a few things.

Lastly I am a little wary of this property because the lot retains water so during heavy raining though it doesn't go to the house does make the backyard rather unusable.

Is the site flat and are their drain gutters running water away from the garage?

I just found out that the water is on a master meter and according to the seller the bill can run as high as $2200 some months (OUCH!). 

I purchased a duplex in March 2021, 6 months later a large storm overwhelmed the drainage on the street and significant flooding happened occured. 

It is flood zone x and I also need to perform ensure that the property is actually renting for what they say it is. 

And what happens if the market takes a turn and you're under water by the time the build is done...Buying in the Midwest is a better option 100%...Best of luck

Do you guys think this is a good practice to continue or should I call the water company and get another meter ASAP?