I think its mostly wetlands that can be concerning where I'm at).

Cash flow would be ideal, but for this particular property I’m most concerned with the location being one we’d want to live in (A+, A neighborhood, ability to find renters, needs cosmetic work but still liveable, and at least break even (not counting assumed appreciation).

However, the location really makes me concerned.

There are also liability issues, privacy concerns, and asset protection factors to consider.

Here are the stats from Cleveland Water and NEORSD (sewer):~$100 avg for 1.9-2.1 MCF water usage per month~$200 avg sewer costThe total of $300 per month is about 20% of the entire rent charged for the duplex which seems extremely high for just water and sewer (and frankly, way out of what I budged for when purchasing the property).I'm able to see daily breakdowns and each day seems to be about 400 gallons used a day for the duplex.

Hey Kyle,  Deals are out there but you need to be extremely proactive. 

I'm a little concerned about the future when Foster is reduced, but like others have pointed out in other forums, that really helped spur growth in other trendy areas. 

We bought it because I knew that never again would you be able to buy a second home at that kind of discount and with extremely low interest rates.

As far as concern over being able to lock in the sale, just ask her to sign a letter of intent or offer to buy an option from her.

The rental market is extremely hot (I showed 5 rentals in Stafford today, by end of day 2 had pending applications!)