Aside from handling any apparent drainage issues there's really nothing additional you have to consider other than additional insurance costs.

Even so, I've made myself explicit about no surface wiring everywhere and it's been ignored.

It is in a very good location (near the beach) but it is a great deal of trouble.The electrical system is working but very old, and underpowered.The water supply is a mix of all kinds of improvisations, but the basis is galvanized pipe, which of course is a ***** to work on.The drainage is also a mix of old and new, but whenever I work on some of the old stuff I usually get unpleasant surprises.For the roof, a contractor told me he could not give me a fair estimate to replace it because he did not know what 'surprises' he might find when he took the roof off, since the house was so old.For the siding and windows, I've been hustling around repairing moisture leaks for years, and I seem to be catching up on them.For the framing, who knows?

It was actually a 4/2 (on septic for 3) that had only surface cosmetic issues and would be worth 220k arv.

All my HDTVs are affixed to a surface. 

But on the surface, from the cheap seats, it sounds like a great opportunity to learn and grow the business you want.

What if you have a $2K repair expense surface in the first couple months of ownership?

He could have kept things up to date in the surface but you never know if there are foundation issues or other issues that is being covered up.

But the tenant was prone to using spray chlorine & one of those green scrubbing pads to clean the counter tops & the use of a cutting board would have helped prevent compromising the surface.

Vapor drive is where water hits a surface (sprinklers are actually a huge culprit here in addition to rain) then the warm sun comes out and pushes the water vapor into and against your sheathing.