I like this tread but can't add much being from the mid-west.

I agree with @Wayne BrooksI would tread very lightly, but also express your concerns that you never called an inspection and if he could come back when you call it in and have more progress?

need to tread very carefully. 

I'm legally in over my head so I have to tread carefully.

Following this tread. 

This will off-set the cost of septic maintenance and pumping in the future.Also, I would tread lightly when accusing women specifically.

but could be any moment, tread cautiously.

Just tread carefully.

You can do it yourself but you want to tread carefullyThe difference is that the IRS gives a lot of extra scrutiny over arrangements like this because it is very easy to create a step transaction and reduce the arms length nature with the unrelated party. 

Having $3MM of dry powder during a potential downturn is EXACTLY where I'd want to be, not invested in a property that is simply treading water, especially in a more expensive market.I am of course assuming a downturn, but there is no denying that even very active money (i.e. more time available to spend on adding value) is having a difficult time finding quality deals today.