Shortly about myself:I am recent graduate from Civil Engineering and I have finally prepared myself mentally for real estate investment .

Tim Kaminski , I would check with the health department that maintains the information on wells and septic systems.

The seller indicated that they recently found out about some personal health issues and were indeed interested in selling.

It's not my intention to be callous about this event, nor to belittle the problems of individuals who suffer from mental illnesses.

Mentally it sets them up for a particular term and locks in  their rental amount but if they find  a house they want to buy they won't even remember what they signed....I would not give a break on a longer term lease. 

I'm currently pursuing a Master's to be a clinical mental health counselor and hope to go into private practice when it's completed.

If every house in say a sub is near same and lots of recent activity and there is good photos to make a mental adjustment with I find all three are more accurate.

(I neglected to mention that she has some health issues, and currently pretty much stays home all day, everyday.)

You are under no obligation to fix anything else, but you may want to send over a handyman to look at the windows (a little WD-40 may do the trick), replace the light bulbs, the garage door and the bathroom window (could be a health and safety item). 

Those can be the best kind because someone else paid for the exiting build out, training employees and weeding through the duds, stabilizing and creating a history of sales over time you can track,etc.Those businesses have already created multi-generational customers from the grandfather,father,and son to eat there.Great business opportunity is generally where the owner is wanting to retire, has to relocate, health problems, partnership split, divorce causes division of assets, bankruptcy sale, etc.You want the business to throw off great cash flow on it's own and be established but get the discount because of external operator issues.