My first question is whether there is any arrangement for water and sewage, and I have many more.

We also deal with fewer municipalities and stupid little things like water bills etc 

.💡 Utilities – If you pay for water, gas, or electricity, those are deductible.🧹 Cleaning & Landscaping Services – Routine upkeep expenses.💼 Professional Fees – Legal, accounting, or property management services.🧑‍🔧 Contractor Labor & Supplies – Any materials or hired help for property improvements.🚗 Mileage/Travel – When traveling to inspect or manage rental properties (keep mileage logs).💻 Office Supplies & Software – Including bookkeeping tools, printers, and even part of your home office.Creative Ways to Give Back — and Still SaveGiving back can also be tax-deductible when done thoughtfully:🎁 Tenant Appreciation Gifts: Small gifts such as gift cards, snacks, or holiday baskets (under $25 per tenant per IRS rules) can be deductible as a business expense.🏘️ Community Donations: Contributing to local charities, shelters, or community events near your property may be tax-deductible if donated to a registered nonprofit (501(c)(3)).🧤 Property Improvement Drives: Donating old appliances, furniture, or materials from renovations to nonprofit organizations like Habitat for Humanity can qualify as a charitable deduction.Pro Tip:Before December 31st, review your receipts, invoices, and bank statements.

The Midwest is going to strategically matter more in the future and population will be growing due to fresh water and cooler climate, also fewer storms (lower insurance premiums).

  ( this is very LOW )   But I'm stuck with them until March 2019.Taxes ~$2200 / yr Insurance: $98 / moTenants pay Electric, Owner pays all others - gas (steam) heat, water, sewer, landscaping, snow removalI can easily raise these to 800+ in their current condition. 

Potential issues like basement water intrusion. 

A Tansfer Disclosure Statement is required for all defects (repairs) past or present, permitted or not.Some common small repairs that require permitting (well outlined on SLT website) are; replacing water heater, repairing/adding any electrical, replacing windows/exterior doors, adding/upgrading plumbing.

Quote from @Elealeh Fulmaran: Tough combo: rural, 7 acres, hand‑dug well, unpermitted structures, and minor water damage knocks out most agency and FHA options.

I feel like I'm a fish out of water here a bit.

Purchase price: $296,000 Cash invested: $67,000 This is a 4 bed, 3 bath short term rental with a 6 seater golf cart, oasis style pool with hot tub, putting green and minutes to the beach.