use your own closing attorney (theirs take forever) ( using theirs. my deal took 9 weeks on a under 25k all cash deal)Dont get emotional or in a biding war.

It's an old house and every house on the street has the same Lead Pipe and not having any issues.

@Joseph GastonMay not even be an added feature issue.

But that's a different issue. 

I bought a property in IL few months ago which I sold it to another buyer on seller financing (AKA Contract for Deed).The seller is going through some sort of financial issues and is not able to make this months mortgage payment.

I’m not sure how to prevent further issues.

She has been a dream tenant with zero issues for the past year and a half since I acquired this property. 

While it does present an issue in the summer months, doing a short term rental or Air B/B may be a possibility for the summer depending on the area. 

I may have someone that could help you out with the plumbing issue.

HMLs can do a % down of the ARV and finance your rehab too depending.Refinancing usually has a 6 or 12 month seasoning period depending on your local credit union/bank and usually they require 1 year lease.Lenders- if you are going conventional, and have properties in your target market that would finance (ie no roofs that need to be repaired or major mold issues) then just start talking to local lenders and see what their requirements are.