I didn't know the difference between a heating system and water heater, I didnt know how to screen deals, I didnt know how to calculate cash on cash. we all start somewhere. 

You are looking for evidence of water and mold and assessing the structural integrity of the walls and support beams.2.

Cost to run city water/sewer and electric service (it's already at the street)3.

This deal that you mentioned sounds at first blush that it's dead in the water because of the large deposit.

This is my first extensively water damaged home that I may purchase.

You can also take them to small claims court but you cannot get water from a stone.

Check on storm sewers, storm ponds, water runoff direction. 

Hello, I am planning on purchase two triplexes that have a single water meter for each property.

But you still have to provide (and maintain) a kitchen, a bathroom, HVAC (well maybe just heat), a water heater.

The attorneys for the buyer and the title insurance company apparently did not do their work because they did not find this debt before closing but they found a stupid lien on my house for a water softener.