I feel that the reality of it lies somewhere in the middle of the two.We found:One Rafter in the attic that was split about 18" from centerline down the roofOne water damage repair previously made by an owner to the floor joists in the crawlspace under a sloping wall.One water damaged floor joist that is literally crumbling in my hand. 

This is especially true under the AIA system that gives the architect a lot of power. 

What do you do when your tenant doesn't pay rent and your water heater goes?

I prefer to know the condition of the property and major systems so I can do my own estimate as an investor.

You the landlord is only responsible for providing a safe and comfortable living environment, clean water and heat to your tenant.  

Are there any major repairs coming up (ie how old is the roof, furnace, hot water tank, etc)?

Otherwise, you are going to get a ton of tenant complaints, increase vacancy, and increase damage to your buildings as well as tenant's vehicles.If you want to see my point in person, as the weather improves, go to a boat launch ramp and watch how many people can actually back there boat into the water like they know what they are doing. 

Closing on a building that allows the tenants to have their own washer and dryer but the water bill will be mine.

If you have not already, there are three ways to get an extension: E-file extension for free e-file their extension form for free.By paying an estimate of their income tax due and indicate that the payment is for an extension using Direct Pay, the Electronic Federal Tax Payment System (EFTPS), or a credit or debit card.

Sewer, water and electric are at the street.