Quote from @Clay Barton: I am eager to make my first real estate investment, and I have my eye on a particular section of town that I believe has tremendous appreciation potential.This is a straight road that cuts through woods and has about a dozen houses that are run down and trashed, but occupied. 

It makes me laugh when I hear gurus (or people with no RE experience) talk about STR or LTR as "passive" or "easy".Sure, it's "passive", until the tenant calls you at 2 am to tell you the finished basement is flooded, you discover the house is basically built on top of a subterranean river, and you spend the next 6 months excavating 30 tons of water-logged clay from under the house (by hand) to create an industrial-scale sump system (true story)..."

77 feet, cast iron and clay pipe.

The plumber came out and used a Flir camera that takes a heat sensor type reading and can find leaks in walls, and under floors and it showed we had a place of concern, the water detector guy cost about 325.00 and saved up needlessly ripping up sheet rock and pin pointed the leak within about 6 feet so we knew where to dig.Also the toilets can look like no leak,, really best way to tell is with the dye tablet you put in tank and come back in 10 min and see if there is any change.Other than that maybe a some body's running a car wash in the yard on weekends..

When was it connected, could be sdr, could be clay pipe, could be cast iron etc depending on age, is it on septic, has anything be done to the septic, when was the system installed etc.

@Clay SmithWill your name a bank that will loan to an LLC with no personal guarantee and the reason I ask the folks here on BP would love to deal with that bank?

Quote from @Clay Lehman: Quote from @Shriraj Shah: I'm looking for an attorney in the Orlando / Ocala region. 

@Clay Couvillon depends on how you want to scale, If you want to add members, raise $$ etc.

Long story shorter I went into the crawl to make sure it was vented and found out the laundry room drain, shower and kitchen sink were draining into the clay pipes that lead to the drainage tile.

Originally posted by Clay Zaccaglini:I might be venting a little, and sorry about that, but the good old 30 days closings are gone forever.It depends a lot on the lender, the underwriter, the broker and the buyer.