I only have student loan debtI have a full-time remote jobI have no prior experience in real estate investingMy credit score is high 700'sHere are the details about the property in Zenda,WI:Asking price: $235KIt’s being sold by out-of-state heirsIt needs at least $50K in repairs and updatesThe neighboring house recently sold for $235K (though I don’t have details on its condition before the sale)A family friend who owns a construction company assessed the property and noted the following:Replacement Needed: Furnace, Water Heater, Water Softener, Floor (concrete replacement needed due to unevenness), Roof, GuttersUpdates Needed: 1.5 BathroomsConcerns: Black mold and water leak marks upstairsRemodel Suggestion: The staircase is very steep and narrow; recommended to relocate and extend it into the living spaceAdditional Work: The property slopes downward, allowing rain to flow into the house.

The builder warranty should cover you but make sure you read ALL the docs thoroughly; this is the biggest advantage of buying a new build, so use it A LOT.

Of course its full doc and we have to prove we are worthy of the loan.

Bring an air compressor with fittings, hook it up, go around listening for air leaks.

The agency docs have made the separation a bit more clear.

The hard part will be finding the leak in that case.

Providing necessary docs - 3-day, tenant ledger, lease, property management agreement if you have one.

Have a 1960s 30 unit single story motel where we are coming up on some end of life issues: the cast iron plumbing is disintegrating underneath bathrooms, radiators are starting to leak, electrical is in poor condition, and just today, discovered significant termite damage affecting multiple rooms.

What about the plumber that stops a flooding leak on a Sunday morning or the HVAC tech that fixes a furnace under a crawl space in the middle of a freezing night?

Quote from @James Nix: It's obviously a leak and the most likely culprit is the toilet.