And like all things RE at the end of the day 9.5 out of 10 folks that think they are going to have a carrer wholesaling will end up failing in less than a year.. and very well have spent a lot of money on their marketing etc with nothing to show for it.this is just not as easy as sending out letters and website etc. you MUST have some skills to close a deal..

However, they fail to realize the main problem of the increase in home prices is due to the constraints on the urban land sprawl and the lack of inventory.

Plumbing can mean tearing out walls to get the plumbing in, drains, vents, and water plus you would be adding places that could leak and cause a big inconvenience should the new plumbing fail anywhere affecting all units and tenants.

If it's just the corner, meaning the slope doesn't start in the center of the house, it's likely you have a pier that has failed, which wouldn't be surprising with the amount of moisture you guys get.  

Once the inspectors get to know you then they will let you self-certify most non-safety issues you fail on annual inspections.  

I'm probably going to require a re-inspection before we agree to this.If this fails, they missed something, is it too much to require the fixes by someone who is licensed?

Fail your plan, you've planned to fail.  

@David DachteraSome properties have sub-metering already installed. ( water usage )Option : piggy back system could be installed              owner could set-up a prepayment program             etcCurrent owner would be responsible, if the tenants fails to pay waterusage by December 1st on their property taxes bill.  

Should I view this as a failed first investment?

If you do this work yourself and the structure fails or the house burns down, you are opening yourself up to major litigation which will cost you ALOT more in the long run.