This loss will be carried forward. 

It's a messy niche, working with some investors buying duplexes, some buying portfolios of duplexes, and others looking for small MF 12-24 units.

Quote from @Matt Lewis: I'm purchased my first commercial property this year and just had a water leak from a pipe going into the water heater in one of my tenant's space.

Would 90% of the purchase price help you get it off the ground?

Any advice is helpful!

Sometimes, it's just better marketing (aerial photos, standard photos, survey) and sometimes it's doing perc tests and getting it build-read for a developer.I hope that helps.

You can use petscreening.com to handle this task for you and ensure you are compliant, but I still recommend you really understand the law so you can answer questions or assist with requests. 

(Current cost to bring in water line is around $140k or a well starts around 40k with no guarantee of hitting water) What made you interested in investing in this type of deal?

I’m looking to connect with some great developers and ground-up construction pros out there.

In Milwaukee, look into networking groups like the Milwaukee Real Estate Investors Association (MKE REIA) lot's of different approaches covered including wholesaling and flips, or if you decide on buy and hold the Rental Property Association (RPA) of WI is great.