If you don't have a septic hookup for the rig than at every 1-2 weeks we have to pack up the entire rig and go empty out all the tanks.

Then they tanked and went back up later.

You rarely hear the stories from folks who thought they had "safe" levels of "good" debt, then the economy crashed on them and they tanked. 

I am also interested in hearing about other safe cities to invest in other than California and Arizona.As a shark, I know the value of a good investment, and I am confident that this property has the potential to be a great one.

If the market tanks, your cash flow will cover your mortgage and your expenses and you can hold on. 

If the economy tanks, Fix and Flippers will lose everything. 

There are five layers of possible involvement - (1) a 3rd party DD person, (2) the certified operator for the private util - that person should provide the sample reports, repairs, etc (3) state agency for all inspection reports - sometimes they can charge a fee if you request all historical to be pulled and (4) an engineer - based on age, you may find the engineering company that built it - if they no longer exist - then you may be able to find a local company that builds wells and can inspect certain things structurally. (5) Request code history from county/city for violations and any info they have on it.For septic, they are straight forward, you have to dig up at least 2-3, and verify the capacity/size reported and the material - seller may say they are newer but they may be older concrete tanks that are crumbling.