I graduated last year with a degree in Mechanical Engineering and have a full time job. 

Below are a few more thoughts on pros/cons.Pros: If you're new to real estate in general, you'll learn the mechanics of RE transactions, the governing laws and the key participants and services that support a transaction.You will interact with other realtors that may help accelerate your understanding of the market values and dynamics you're working in. 

This way you’re providing value beyond just your mechanical skills and you’re keeping the relationship alive. 

How old are the mechanicals and is the sewer line in good shape.

Background: I'm new to private money as an investor and want to make sure I understand the mechanics so I can build reliable models.

[No coverage for] Water below the surface of the ground including that which exerts pressure on or flows, seeps orleaks through sidewalks, driveways, foundations, walls, basement or other floors, or though doors,windows, or any other opening in such sidewalks, driveways, foundations, walls or floors;...Wear and tear; marring; deterioration; inherent vice; latent defect; mechanical breakdown; rust; mold;wet or dry rot; contamination; smog; smoke from agricultural smudging or industrial operations; settling,cracking, shrinking, bulging, or expansion of pavements, patios, foundations, walls, floors, roofs orceilings; birds, vermin, rodents, insects or domestic animals.

I just had my final occupancy permit inspection - and FAILED because I never got the Mechanical Rough Inspection signed off. 

I would add mechanical systems like plumbing and electrical as a 4th.

this is not asking for a loan proposal. just want to know if i could ever monetize the lease and the mechanics surrounding it.

In Oregon there is no mechanism for private developers to float bonds to pay for infrastructure.. its one reason why Oregon never grew as fast as say CA .. and other areas..