We have had many water leaks that have damaged the flooring.

We found an opportunity to purchase a huge SFR with two kitchens located next to a commercial zone which was previously used as a sober living facility.

Your PM replaced the water heater because it was leaking.

I'm new to the real estate investment game and I'm a bit nervous about dipping my toes into unknown waters. 

.⚠️ Market Changes: A hot market today might cool down before you sell, which reduces the profit.⚠️ Financing Challenges: Hard money loans carry high interest rates that nibble into the bottom line.Unrealistic timelines: If you think you're going to be in and out in 60 days, you're sadly mistaken-most flips take longer than expected.Real Talk: Is Fix and Flip Still Worth It?

8 - What type of natural drainage will there be on the site/9 - What type of water supply will you be using?

My wife and I have 22 residential assisted living homes in Colorado and three commercial senior living communities in Colorado and Arizona. 

There just trying to eek out a living too.

I live in Upstate New York but i was thinking of areas more out west or down south.

I agree with Nathan (don't forget to price running extra water, sewer and electrical lines).