I am concerned that because of my age and lack of money I will not be taken seriously by banks when trying to secure a mortgage.

Hi there, I am a new investor working on my rehab quotes. I am currently working on a property that has sloped floors on both the main floor and basement. Same side of the house but not sloping in the same direction. ...

If your PM is not licensed and/ or using this agreement that might be a larger concern.

One of my bigger concerns is that it is on well and septic -- my concern is more that I've never dealt with that before -- but the owner said he installed a brand new septic system last year at considerable cost -- and, of course, I'd have both systems inspected as a condition of sale. 

Until just before lease signing I had not thought about this with water being in my name, but water will be in the tenant's name going forward, so do I need to be concerned about continuing to water the grass using tenant paid water?

Thats my real concern.

I have concerns that I will be tying my hands a bit if I eventually want to sell / develop the two lots together or if I want to hold for a bit and draw lines of credit against the lots.Thanks,Juan Monge

So there is that concern, I don’t know when homes in my area were required to be build with 3 wire common ground electrical, and then there’s the plumbing of course, I don’t know when iron was no longer allowed either.

I would be concerned that they would not pay the rent on time.However, if they do not have a credit score then it likely means they are able to pay cash for their expenses and do not have any debts.

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