This means the water is to be blown out of the pipes, the meter disconnected, the water heater drained and anti freeze poured in pipes with p-trap or toilets.

:cool:HVAC and electricity are individually metered, and there's no gas, so water is the only utility borne by the landlord.Here are the figures they've given, per unit per month, and where I think they're overly high:I think they may still even be a little high, but I'd rather be too conservative at this stage in my due diligence than not allow enough; I still want my figures to be believable to a lender.Your thoughts, please?

I checked with the police department too, and there were squatters there, the city police hired a contractor to board up the property, all windows and doors and pulled the electric meter out.

Some excellent points in the DUE-ON-SALE-O-METER thread about why a lender may call a subject to loan due even if the payments are being made.

Are the utilities metered separately?

If you have one floor chopped up into tiny apartments, despite the legality of it, are you sure each has 2 means of egress, are smoke detectors installed properly, are utilities metered separately, would insurance pay up if there is an issue etc.?

Might read one of my blogs "How to develop a good BS Meter" you don't need to walk on eggshells, just recognize the BS!

See if you can find out how the apartments are metered and what the costs are. 

If you arrive and you smell incense or air freshener, they are probably trying to hide a tell-tale odor, such as that of tobacco or marijuana.Specific to humidity... bring with you a humidity meter.

I would sub meter each property for both electric and water. at their asking price it is currently at a 10.3 cap.