[quote=spdrun]Which is why I picked a property that’s unlikely to have mechanical failures. Metal (not PEX-crap) plumbing. Common laundry and hot water appliances. Ground floor unit, so no risk of flooding out a unit below it. Electric self-contained wall heaters.
And as for anything, tenants will be screened VERY carefully, though perhaps in an unconventional manner.[/quote]
You still have toilet, sink, bath tub, oven, dishwasher, etc. All of those will break/leak/etc. But you seem to have it all planned out. For me, that’s just too much potential problem to deal with for so little profit and high risk of having net loss if you have to fly out to handle things. If I was in your position and NJ have better yield, I’d buy in NJ and not SD.
