I'm betting that this rental will bleed a LOT of cash!

Swelling due to a plumbing leak or bad drainage can make the clay soils swell.

Sure you'll be out the $19K you've already put in, but that's better than throwing in the $19K and then bleeding another $800 or so a month in negative cash flow, "hoping" that the market comes back quickly enough to bail you out of this bad mistake.I think we're in for a couple of years of flat and/or falling housing prices.

I can put a stop to the Seller's worry and stop the bleeding TODAY!

I think my offer would be to stop the bleeding.

When the economy turned in the Fall, rents plummeted and we went from break even to bleeding 1K per month per cabin.

Confirm insurance coverage and take over claim.As others have said, you also need to winterize; bleed all the lines and add anti-freeze to toilets.

If you have the proper shut off valves and they are properly installed, there will be a bleed device for that purpose.You then have to put RV anti-freeze into the traps.Your safest bet is to have a plumber in to check things out.

If the property is not separately metered for all utilities you're going to bleed cash on that, especially on low dollar rents.

Also works great on most any stains that need covered, we use it as our primer on old trin that tends to bleed through most primers.