They will be installing grab bars everywhere.

I recommend that you engage with a real estate accountant to ensure you set everything up properly. 

i agree that a new purchase at 75% equity will typically not have significant cash flow and may even be negative when properly allocating for all expenses.Investing to max equity without reserves is risky and you indicate would result in stress.  

There is a safety and follow up piece to have the proper information.

Another avenue would be to call your utility companies and ask about installing additional meters.

That said, there are alternative ways to meet the requirements, and with proper planning, you might not need to rely on these specific tests if most or all of the participation comes from you during the first year.

His opinion is that we don't need to install piers right now, but we should focus on making sure water doesn't flow towards the house from the outside. 

Never heard of him.Make sure you perform proper due diligence.

Quote from @Alvin Sylvain: This could be a good idea if executed properly.

Quote from @Stephen Smith: Quote from @Jay Hinrichs: Quote from @Stephen Smith: Separately, a local roofing contractor was recently caught installing shingles on a BTC property in Cape Coral.