I'd get it checked by a well company for water quality/safety and well function.It may even be an advantage for a renter who is going to do a lot of gardening or landscape irrigation or has livestock.

The volunteer fire departments are worried about barns designed for livestock holding 200+ partiers.

For example: Buy a rural piece of land, invest a few thousand into it like a water well or something for livestock, turn around and sell it for 10-20% more than what I paid for.

Purchase price: $150,000 Cash invested: $100,000 Sale price: $307,000 2 bedroom 1 bath (actually 4 bedrooms, but septic is rated for 2) on 3+ acres with large barn for livestock.

Not to burst your bubble but by the time I was 12 my brother and I had already purchased a nice farmhouse with several outbuildings capable of raising livestock, acquired the equipment needed to run the farm, and paid cash for everything.

the conditions are varied but majority of blds are classified as D bld and "high" crime neighborhoods high for maine not usa but some sporadic improvements are being realized around court house, canal by river, canal by rt 495, kennedy park, and ice arena by high school. outside this area is much safer and better quality overall conditions, neighborhoods esp near bates college, or closer to highway. more sfr and less multis.many use local long term experienced property management teams unless your strong experienced landlord with systems in place. i have rented too and be inside many lewiston buildings. some transplants have cultural programming like keeping or killing or processing livestock in apartments cupboards and trash accumulation is issue. i have dealt with many lewiston applicants and my experience many with high percent of eviction and or conviction history or both. most are limited by section 8 rules. many my tenants were on younger side, and many had mmj cards and smoke indoors. allow friends couch surf, but some are entrepreneurial but have wrong product. deals can be had. but don't scrimp on professional inspections, or onsite interviews. buildings can be fixed much easier than tenants can.be very careful of flipping single family homes in this tree block area. it wont likely be sold to live in homeowner but rented out by displaced local.

There's also options to have minimal livestock on the land. 

It would have to be a conventional loan as we've tied up ourselves in this house's loan (and that's fine - we have dogs and livestock and couldn't swing a multifamily in the area with them).What do you suggest?

and I am currently going to college(GI bill).We have other rentals and plan to continue to invest in sfh's but this is going to be 65%ish of our net worth liquid all at one time.With the rest in super conservatives retirement funds,  a split family business in Seattle, and other real estate.My thoughts on how to move forward.We have purchased $20k in livestock(registered black angus) for personal use more than anythingWe plan to invest $50k into a small business we own that would push the $10-25k to $50k or greaterWe need to finish about $35k in rehabsTo pay off all properties would cost $140k(not really considering it)We are finally at a point in life where saying "what do we have to lose "  is not an option anymore and we need to protect our capital better.

You typically can't put any structures in the direct easement space at least that is what our easement says however you can put plants, livestock etc.