I started investing in a very similar fashion but all four of us were engineers and three of us had good credit and one had average credit. 

It's a worst case scenario.Quotes came back at:$650 for soil testing$850 for engineering and permits$5-7k for pretreatment system (required by law)$7-10k for leaching field$3-5k for the tankTotal $16.5k - $23,5kObviously, this level of a failure was not planned and was not covered in CapEx.Steps that were taken so far:2 quotes (recommended companies, he's in OH and doesn't know anyone else to call)Sold 1 car that was owned outright to raise fundsConsidering the sale of another car that has some equityDialing back (nearly ending) gifts for Christmas (5 kids plus 4 fosters YIKES)Exhausting his entire emergency fundSteps not taken that I advised him on:3rd party inspection that doesn't do work... not the person the contractor recommends who is probably getting a kick-back if this is really a BS deal.

Landlording isn’t all calculations or algorithms .

My credit is really good at 740 and I have good monthly income from my day job as a mechanical engineer.

Instead look at the facts & reverse engineer what you've got.The triplex you are interested in is almost 100 years old.

Don't pay attention to Zillow over there, it has a bad algorithm in the Lansing area.

My name is Brian and I just moved to Wichita, KS this week after accepting a full-time engineering position.

Two weeks later (LOI said we'd get a PSA in 5 days), the PSA we received is a generic cut/paste which is also severely lacking in terms and is quite literally missing all the exhibits/supplementary info such as engineering/soil tests, tenant/landlord lease, architectural map of the property, etc.

Just means you got to stay on them even more1) In Texas,  no licensing required for builders (and its not bad thing) Our state enforcement agencies are not there for you anyway (and a different story)  better off with local judges in small claims, dirt cheap, I highly recommend if they dont return calls and get it done, Your manager can do it for you with the right paper work2) YOU and not the manager (seems like they might be a little too cozy) call the builder's construction people.. not sales agent (if you can) and pay about $150-200 to get a real engineer (may be for even less money) to look at the framing.

I recently graduated and work as an engineer in the Grovetown area.