They are not properly draining far enough from the house and part of them are not installed properly.

If you are able to get a loan, I would bet your leverage would only be 50-60%, so you are looking at 150k -250k. net of fees.

Having faced this situation before, my initial plan was to install a second meter in the basement and simply split off the plumbing.  

@Brannon Randle check Louisiana's real estate laws, but in many states you don't need a real estate license to wholesale, which is essentially assigning rights in a contract for a fee.

The best thing you'll get from some of the intros is a few useful materials that will whet your appetite for more information.Your money might be better spent if you can partner with a mentor or coach who can walk you through your first deals in exchange for a fee.

For anyone local who refers a tenant to me, I'll be offering a referral fee of $100 to them personally or $125 to the charity of their choice.What I wanted to do is talk to the neighbors around the unit, the owner of the local cafes (one of whom is also very involved in the large local Pagan group), maybe the head of the rotary club, and local religious congregation heads about it.

$ Fast Close$ There is no need for an appraisal$ No Fees$ No Repairs$ No commissions$ There is no closing costs, since there is no transfer of mortgage holder.

The last guy offered to do this for the low fee of only $12,000.

Ya just say here is my rental criteria, if you don't meet this don't apply because you'll be wasting your app fee and my time. 

Chase is even refunding my monthly service fees.