The tree keeps growing and producing more fruit(money) over time and you still have the tree which is likely worth more than when you acquired it.You have to make sure it is watered and fertilized and maybe pruned occasionally.

I've put almost $25,000 into the house with a major repair for the well water system. 

(Home Depot has about 40 different kinds) You want one with a lot of silicone in it for water exposure.fwiw, what you fill the crack with doesn't really matter all that much as it's just a way to keep from needing so much caulk.

Call the local water authority.You're forgetting management (10%).

You can deduct a cruise TO an event as luxury water travel. 

I have a great agent I can recommend.Water/Sewer: $30/unit - Garbage usually goes with water/sewer. $50-60/unit is good.Garbage: $15/unit - see aboveMaintenance: 5% - coolVacancy: 5% - coolCap Ex: 7% - coolProperty management: 11% - 8% to 10% is what you'll find in the areaProperty Tax: 1.5% - nope. 2.0% to 2.2% is the number. 

Capex also has to include:roof 25 year life span, appliances and hot water heater 12 year life span, hvac 20 year life span, kitchen and bath remodel 20 year life span, etc.

An utility easement is for the electric, gas and possibly cable water/sewer to maintain there equipment.  

Had an inspection done this morning and the AC had been stolen, the main stack for the sewer was cracked, the furnace wasn't functional, water was turned off, asbestos covered ducts, nob and tube wiring, leaking roof just to name a few things. 

My options are...as I see them:---Buy one property/year and hope for massive appreciation (not likely in OKC) leaving me with 7 properties in 5 years...that may or may not meet my goal---sit tight for 1 year and start a BRRR funnel while saving and drinking from the information firehose.