The well driller ended up running into  problems with a high volume but very low quality aquifer at a shallow depth that blew out the well multiple times.

Maybe make the seller some low offers and then try your idea with the city?

You could also file a claim with your insurance, but unless your deductible is really low, I doubt it’s worth it.

The more perspectives on the same problem, the merrier.My wife and I do self-managed low-income landlording in SFR and duplexes in an urban area with tight streets.

And with your talk of credits and throwing money around I don't know that you are really able to become one.You should be spending your money on a lawyer (I don't say that lightly) and get this crap show under control.

At this low down payment the property should still cashflow at least $100 per door per month after the payment, taxes, insurance and accounting for 10% vacancy.

Freddie Mac and Fannie Mae have small balance loan programs which is a great way to cash out some money and secure non-recourse debt at low, long term interest rates.

@Dan HeuscheleThat would be wonderful but low income areas that’s not going to happen .

TF is very low cost, usually 2 points.

Probably not, you'd probably only consider this because you had bad credit or low income or something that prevents you from living in a safer place.I bet the turnkey provider has rents too high for the area as well...Can you make money on this type of asset...sure but not by paying 70k for it.