Hi Frank,Unless the rental is under some kind of government controlled you must pay the water laws (some areas have these),another option might be to ask for the difference plus a $10 PITA fee every month.$50 in water = $60 extra...Like if they had an argument about dinner and slammed a kitchen cabinet door and broke it...

To demonstrate my technical competence, for my personal house I built a steam shower, installed radiant barriers with rock wool, and a wood stove insert with bathroom radiant heated floors and re-designed radiant floor heat zones, cutting winter energy consumption to 1/8, installed a whole house fan cutting summer energy to 1/2, extensive localized landscaping leading to a reduction to 1/8 the yard work, plus random quality of life improvements like wifi switches, heated floors and toilet seats, skylight install, exposed structural beams, and master bedroom laundry including electrical and plumbing, cathedral ceilings with skylights, a steam shower with wifi controllable lighting and music, concrete countertops, etc. 

Every operating agreement should state who the members are and what percentage each controls, even if their is only a sole member controlling 100% membership.

I always like to control the property.

Oh, and a few wifi light switches so our outside lights come on automatically plus we can control lights when we're not home. 

Since we never know what can happen economy wise and we have no real control over it, we won't buy anything that gives us razor thin margins. 

I am here because the concept of becoming financially independent through real estate is easy to understand and appealing, I at least have some experience in buying and selling 4 different homes (all primary residence) and I can have some level of control in the outcome.I have a decent amount of capital available, about $300k liquid (that would require me to sell a few stocks/ETF's), I have nearly 50% equity in my house valued at just over $1M, and a healthy 401k etc. 

That said, choosing something that you control your life, like real estate, over working a 9-5 for someone else is definitely the way to go.Lastly, if you intend to get into investing start working on your credit immediately.

Have a plan to drive revenue, keep expenses controlled and stay focused.  

Self-managing also allows gives you control of screening the tenants.