Install them so that you can submeter the water usage and back charge the tenants if you so choose to do so. 4.

When awarded judgment be sure and tell the judge plus court costs and post judgement interest so that all those charges get added to the recorded judgement amount.

@Greg Scott, Yes, self-directed IRA does require a custodian, who charges fees.

Account Closed It makes complete sense that the guy with less overhead and presumably less employees would be able to charge less for a similar job as compared to the 2nd guy who has a big company, more employees, more overhead. 

The previous landlord was under charging, and with every new tenant we were able to increase rent until we were on par with our local market.

I have had some districts give me the list, and some want to charge for it.If all else fails you might could file an open records request.   

Last month I had an unexpected replacement of sewer lateral $6500 and new HVAC of $4100. 

As with anything, you'll find people successful with it and some that are not successful - the factors above are what is important.Since you are using an IRA, make sure you have enough reserve funds in there to handle up front expenses or unexpected repairs.

If they do, based on them claiming a doctor recommended a "service" animal you can continue to charge a pet fee.  

Here are the knowns:Rent per tenant: $750 (this is below market value due to deferred maintenance, I believe $1,000-1,200 is more realistic)Property taxes: $900 per yearLandlord insurance: $1,000 per yearLandlord pays water/trash: claims to be $125 per month (will ask for proof)Landlord is in charge of snow removal and mowing lawnThere are 5 electric meters, each tenant pays their own (landlord covers hallway and outdoor lights)What I plan to ask for is the copies of the leases, copies of the utility bills, and copies of bank statements showing the tenants are actually paying on time.