Maybe I'm better off just pooling money until another downturn.I could just buy a house in a non deed restricted neighborhood, but the returns won't be as high.

That's why you see so many rental units that landlord pays water.

We will be the only rental on the market in our area that has a private pool and for that reason I am concerned we may have a ton of interest from folks that may not qualify.

I stipulated that emergency calls would be answered right away only if they concerned electrical, gas, or water.

The water main break is affecting an office building that really needs some kind of working toilet.I've already contacted Grogan Sani Services (Thanks @Todd Whiddon) but it went to voice mail.Thanks!

Also, let’s say I find a deal that may look interesting (by looking at the physical condition of the property), how do I figure out the costs such as insuranse, garbage/sewer, water etc?

So here is our process in a little more detail.1. got property under contract and back of the napkin see if it pencils.2. did phase one  it came out clean 1k   this is a MHP that's on city sewer and water.3.

Very accurate and a pretty deep pool of knowledge you have about real estate, especially in Texas.

The reason behind this is because the house needs fixed up---new carpet, water heater,all new flooring throughout and the bathroom needs renovation as well. the gutters are falling off and the fascia boards are rotting...with that said I can buy it for what he owes the bank with 2k additional for him to walk away happy.

I was once on a roof with 2 feet of standing water.