But it’s ok I didn’t have to purchase new equipment but am tied to a 3 year deal.

I am now equipped with some excellent books (shout out to Brandon Turner and J Scott), I'm going to my first REIA meeting next week, and I've got a much clearer plan of next steps.

I have also looked at ROBES plans (Roll Over to Business Start up)  and it was suggested to me that I could use this  to purchase homes (business short term rental, equipment needed is homes and others with homes).     

The typical Ma and Pa land lord is not equipped to provide this level of management and should hire a professional.In my town, 1-2 bed apartment complexes are being built for around $120,000 - $175,000 per unit. 

My Gosh, you walk into a property and see a salt water aquarium, boat, a classic car, lawn equipment, kayaks, jet skies, furniture, just about anything is negotiable and can be included in the purchase! 

My lease has a clause that I am not responsible for defective equipment and everything is as-is.

How old is the well and equipment?

Lease w/d to tenants.I could structure the lease where tenants must sign a 1-year lease on equipment.

Most simply aren't equipped with that knowledge.  

Appliances and life-safety systems and equipment are exempt from these limits.Commercial Space:Commercial space is limited to 20% of the net rentable area of the project and 20% of the total effective gross project income.Acquisitions: The mortgage amount is limited to the lowest of:1)85% of appraised value2)85% of certifiable transaction cost.3)85% of net income capitalized by loan constant (minimum 1.17 debt service coverage)4)Statutory per unit loan limits established by HUDRefinancing: The mortgage amount is limited to the lowest of:1)85% of appraised value2)The greater of:a) 100% of certifiable transaction costsb) 80% of appraised value3)85% of net income capitalized by loan constant4)Statutory per unit loan limits established by HUD