Hey,

I've been lurking around Redfin for a while now and came across a 2Bed/1Bath in Boulder creek priced at $700,000. In terms of finances, I can make the 20% down. Going through the documents, I see that the house does not have a water or gas pipeline. It relies on a well, and a 500lb propane tank. Since Im not too familiar with mountain homes and the pros/cons that come with that, Im hoping the lovely community here could help me with that. 

Its along the San Lorenzo river. I don't see any major repairs needed(from what I've seen).

Home facts/ questions : 

1. We are always in a drought. What happens when the wells dry up? is that even possible?

2. There was a flood back in 2017 where Felton was flooded. Insurance is a must. Can I expect insurance to cover the damages completely?

3. I see in insurance claims, during the CZU fire, food and hotel stay was claimed. There was no damage to the property. If a fire occurs and destroys the home completely, what happens to my loan, and the land? I don't think itll be livable for a long time to come. 

4. How do peopel refill these 500lb propane tanks? 

5. I earlier wanted to purchase a remote rental property to begin with. But this home has my heart(for now). Maybe after a year I could rent it out through AirBnB. Though I'm not sure if that can be done on my current visa situation. 

6. What interest rates can i expect currently with the feds raising interests? My credit score is around 806 with an outstanding vehicle loan of $5,000. 

7. I still have a day job at a tech company which is about 45 mins away. What do people think of the practicality? Everyone says that mountain home should be a secondary property, but living away from the city has always been a dream of mine and being an introvert, I recharge in solitude. 

8. I wonder what the internet connectivity looks like here. 

What other expenses/issues can people think of that usually come with these mountain homes? 

Sorry for the long post. Appreciate all the love and support!

Thanks!