Closing in a few days. Cold feet or red flags?

[Steven Haughey]

Got a property under contract that's is going to be my first investment. Its a duplex in a decent neighborhood, half of which is already rented for 800/mo.

Issue is with the inspection I had done. Sewage in the basement of unoccupied side. Cast iron piping is leaking.

Roof is in need of repair within 5 years.

Electricity needs updating eventually (cloth wiring, knob and tube)

Otherwise only small nickle and dime fixes. Asking: 110k

Purchase: 95k

Comps look good as well

Closing is coming up really soon, so is my reticence warranted, or is this typical "cold feet"?

Thanks, guys!

[Russell Brazil]

Originally posted by @Steven Haughey:

@Russell Brazil why wouldn't you, specifically?