Now, aside from the dirty water, and the trash down there, this guy decided to really destroy the pool.This is South Florida, so we have a very high water table, and in the summer when it rains a lot, the water table is so high, that if you drain all the water from the pool, the hydrostatic pressure of the water in the surrounding ground will actually push the concrete pool's shell out of the ground.That's why you see the entire pool is now completely broken off and raised off the deck.I thought some of you might find that amusing, or not amusing.You can imagine what the inside of the house look like.

Water heater checked out fine - I'm in year three with the property and the water heater is failing (it's a newer water heater).

You're generally going to have to pay water.

Hi All,I'm one of millions that have found their beloved starter home under water and instead of bailing I'm doubling down on a rental transformation.

Water/Trash 230/moApprox 490/mo Cashflow - I would be splitting this with my partner245/each (my portion would be used to payoff my heloc $100 interest only payments - I would be paying off any principle with extra cashflow)Please help me analyze this deal.

This doesn't include closing costs.Mortgage 2 = $16,667 @ 12% interest only, 5 year balloon = $167 per monthUtilities - if Landlord pays utilities, need deposit for water, trash, electric.

I'll take an exacting look tomorrow.From the napkin:550125/month mortgage(16k+4k for 20k financed) 4.75% over 30 years.No trash, no sewer and water, no utility payments by you150/month for general maintenance, cap exThat leaves 275.Vacancy takes 55/month(10%). 220 left.Insurance is probably another $70. 150 left.Management is the last $50.

September is particularly nice and the water is still warm.The property management is high and in some resort areas they charge 1% to 25% of the gross rent.

The Biggert-Waters Flood Insurance Reform Act of 2012 goes into effect Jan, 2014.

What happens if a water line breaks?