I didn't know the difference between a heating system and water heater, I didnt know how to screen deals, I didnt know how to calculate cash on cash. we all start somewhere. 

Have a salon with a water heater that was installed around three months ago, and the tenant has complained that it's having issues heating the water; I suspect it may be an electrical issue with the system. 

This deal that you mentioned sounds at first blush that it's dead in the water because of the large deposit.

You are looking for evidence of water and mold and assessing the structural integrity of the walls and support beams.2.

Cost to run city water/sewer and electric service (it's already at the street)3.

You can also take them to small claims court but you cannot get water from a stone.

This is my first extensively water damaged home that I may purchase.

Check on storm sewers, storm ponds, water runoff direction. 

But you still have to provide (and maintain) a kitchen, a bathroom, HVAC (well maybe just heat), a water heater.

The attorneys for the buyer and the title insurance company apparently did not do their work because they did not find this debt before closing but they found a stupid lien on my house for a water softener.