If they fail badly, your furnace or water heater will be pumping CO into the home.

So, if the payment standard was $863 for a two bedroom unit, then the most rent the owner could charge IF ALL UTILITIES WERE PAID BY THE OWNER is $863 (if it meets rent reasonable tests).

She owes $98,000 on her mortgage and her house is worth about the same, but she said it needs a new roof, new hot water tank, and new carpet.

Jon, a clause regarding water damaged tenant possessions (and removal of them and other abandoned posessions) is something on my list to add.

If the market is glass of water, your asset value is the water.

Who pays for water and is it sub metered, trash, sewer etc and how old are the junction boxes and how large of an home will each lot hold?

That's not a standard, conventional loan amount.

I while ago I read a post on BP about someone putting slanted drip pans under the sink so that if there is a leak water flows on the floor it is reported by a renter rather than pool and cause water damage especially in a second floor unit.

At some point, oil and water will mix.Jeff

The pit bull and tenant left soon after.Most of Joe's list is standard in my lease and others I've seen.