We were all braced for rates to triple this year, until Maxine Waters backed off (look up the Biggert-Waters Act).  

Less wear and tear, less water, less septic use, etc...I guess the saga continues.

:There are a lot of opportunities here in Detroit but people aren't looking close enough @Filipe Matos  I am sure there is really good oportunities, the problem is to know where they are, specially for someone that does not live there.There is a lot of areas that most likely you will lose money, I will have to maybe start small to test the waters and then pull the trigger on a building

Water heaters every 7-8 years (they don’t like our hard water) and a scattered appliance here or there. 

I am under contract on a quadplex that only has 2 water meters.

THE BEST PART IS IT'S FREE, since it's included in our taxes (water bill for Toledo).

.- Yearly property taxes are $3800- Estimated water is $100 a monthWhat do you guys think of this?

Does the owner pay water for the tenants?

But here goes.....Right now my rents are 8350 per monthInsurance 2600(used to be 1600)Taxes 2800 or soWater 1500 a yearUtililities 1440(hot water only)I spent 2500 for a new roof and all appliances are less than 3 years old.

Water heaters and near end of life.