The operating cost includes: tax, insurance, and HOA (covers exterior maint, roof/foundation, lawn care, and all common areas).

Multis / rentals are not common, and in demand.

Will depend on the seller but I think there should be a way to come up with some fee for common area maintenance and rest taken up by me.

It’s just common sense to think that the risk gets bigger the farther away it is from you.

Construction-to-Permanent loans are pretty common.

Or is common practice to make an offer then find a buyer?

Common sense tells me this could be a major opportunity but I’m not sure where to even start or what the best move would be given the circumstances. 

Or it could be just a temporary freeze-related issue with the line between the well head and the house not being buried deep enough and freezing or it could be a separate issue: like Jaron said pump issues are more common than wells actually running dry.

There's a common underlying notion that there will be a downturn due to inability to pay. 

Purchase price: $15,200 Cash invested: $15,200 Sale price: $22,400 2% tenant in common ownership with family in single family residence.