It's a Landlord responsibility unless you can prove it was caused by the Tenant.

Some lenders don't seem aware of this though, so I actually had to go and find the actual language in the TX code to prove it to an underwriting depart.  

Dealing with a builder during the sale process was tough.... and dealing with them after hasn't been fun either....Hopefully the next time, I'll find a builder who actually cares about what he's building and be a solid collaborator before/during/after the sale....

Hi Jordan,Its a little tough, typically something in the 2% rule (that's in decent shape) the Location reflects it.

It’ll be tough to find financing for a $49k property. 1 well is not an issue as long as it’s working and the holding tank has enough capacity. 

(this is why a run down property in a tough neighborhood will have a higher cap rate) As already touched on above, cap rate can be misinterpreted, misrepresented, and deceiving, so learning about how it is used correctly (and incorrectly) is extremely important.

A lender will have a tough time helping you out.

A large group like Keller Williams will have the best training but you'll also face some tough competition.

And of course, I had nothing in writing to prove otherwise.

Here is a link to a Quick summary.WE had one of those shared lines in OLD PDX its tough the lines are decades old.. we just worked it out..