Capped water/sewer from a previous owner, and occasionally used for storage..

The house is in good condition except for water damage in the basement.

Tenant pays all utilities including water, lawn maintenance and snow removal.

The power and water to property also got cut off due to lack of payment.

I have been listening to the podcasts and stalking the site, now it is time for me to jump into the BP waters.

I realize you can lead a horse to water, but my theory is that if If just 1 in 100 tenants listen or read these books and help their financial situation, it may reduce my turnovers and cost of turnovers.I'm curious as to if anyone has tried this or something similar in their welcome package.

The problem is all of the mortar joints are in bad shape and there are holes and failures allowing water to get in.

Property Managers will charge you 7-10% to handle your properties so you will never get that 2am phone call about a water heater letting go. 

The state I believe has pointed this out to municipalities and if you're leasing as a side line business having more than one for example, then a business license kicks in, as well as personal property taxes on property used in that business like refrigerators, free standing stoves.

I have a property identified for potential purchase. 1920 2bed/1bath new roof,  pipes,  water heater.