Im looking at an interesting duplex property where, not more than 2 houses away, JEA owns (and is working on) 3 vacant lots for the installation of a Potable Water Well (screenshot: https://prnt.sc/rddvse).

I found a similar house where the flipper has replaced windows, HVACs and hot water heaters, got into the wiring and stopped.

Local water hardness has an effect on cartridge life.Ceramic cartridges may last longer.If it's a real tough crowd you're renting too, this might be an option (they might be very used to it).https://www.acorneng.com/security-plumbing-fixturesGood Luck!

@James Wise I play to just work for a real estate company first, I ideally want to invest but I plan to "test the waters first" and see if I like it.

Does the water need to be regularly treated?

On that note, do you have a model for doing that planning (i.e. replace water heater after N years of life) ?

Here's a list of what we ask for in our LOIs and contracts:Operating financial statements for the property, including income statements, expense statements, capital expenditures, for the last two years of operation and year-to-date financial statements for 2020.Prior two (2) years tax returns and addendums for the Property.Current tenant leases, tenant correspondence, tenant credit information, tenant security deposit register, and delinquency report.Onsite staff payroll records to include salary, bonuses, payroll taxes, benefits, etc.Monthly owner statements and rent rolls for the past 12 months.Contracts, service agreements, and files pertaining to the property.List of maintenance all maintenance requests (complete and incomplete) for the last two years of operations.Real estate tax billings and assessments and other correspondence pertaining to real estate tax calculations at the property.Copy of Insurance Policy and claims documentation (loss runs).List of capital improvements and any and all necessary related documentation and warranties.All existing warranties and guarantees from architects, contractors, and material and equipment suppliers, all of which would be assigned to Purchase.Any existing environmental Phase I/II reports, engineering reports, soil, mold, radon, asbestos, hazardous substance, termite, or other tests, studies, or reports.Any existing appraisals.Itemized inventory of all personal property.Twelve (12) months of utility, water and sewer bills.Twelve (12) months of bank statements.Verification of additional income from operations including but not limited to application, pet, late, and other fees, etc.Copies of title policies, title reports, land surveys, site plans, deeds, or any architectural plans for the property.History of or pending litigation against the Property, its owners, or its managers related to the Property or the operation thereof.Such additional information, documentation, or access as Purchaser shall require

I live in an older city, so it is not uncommon for landlords to be responsible for heat and water (read gas bill and water bill). 

Most insurance policies don't cover flood insurance and its a common misconception that water damage is flood coverage and it is not.

I am asking cuz, even if the house needs tons of work, still have permit, water, septic system, electric is in place.