There were 2 courses of action recommended.OPTION 1:> 100% Line replacement and Water proof:> - To dig up both sides of house for gravel instal> - Water Proof both sides of home where water is intruding> -Replace storm drain lines needed on both sides of home> - cover and repitch top side to ensure proper flow away from home>> All Labor, Material, tax $13,255Option 2:> Repair Line, Jett, Repitch:>> -To dig 6ft of Stormdrain> - Repair Storm drain line where broken> -Jett lines to help clear buildup/ debris causing water to sit> -Cover and Repitch ground on driveway side of house>> All Labor, Material, Tax $2700I chose option 2, with the idea of potentially using internal membrane afterwards to thwart risk of any more water intrusion.

I finally got to a place where I felt comfortable to take action and I am now under contract on my first duplex which I will be house hacking and stuck on what I should do.I put an offer in at $149,500 on a property that was listed at $165,000.

Also, document any actions and conversations you have about potential business use of this property.

Good job in your action of building educational background in REI!

It makes enough income to pay the mortgage and produce cash flow to me.

As the new landlord that will be inheriting their lease, what are the actions that I need to take to make sure I'm in compliance with all relevant regulations? 

Cash can buy you income-producing assets. 

I've purchased over a hundred homes and never failed to close on one due to my actions. 

How likely is it that I get approved for a $1M loan as my very first investment loan if I only have a good credit score and the place I’m looking into produces enough cash flow to pay for the loan and still put money in my pocket?

The totally stabilized finished product will produce roughly $7400 in rental income.