Well Water vs. City Water??

[Trevor Smith]

I'm looking to buy a 2 bedroom 1 bath single family home as a rental property. It needs some work. i.e. new kitchen and bathroom, paint, finish hardwood floors, patch the roof, maybe paint exterior...I'm a little concerned because it has well water and a septic tank. It's been winterized so I'm unsure on how to make sure everything is working properly. Would it be best to switch it to city water? The property is listed for 32k. A property two houses down (also bank owned) is listed at 70k. I could most likely get $800-$950 in rent. Taxes and Insurance will be about $330 a month. Taxes are high, but I'm hoping to have it reassessed. Please Help!