@Derek DaunHey Derek, no one can give you an exact answer, because the answer would require knowing what company and what hard money lender you are considering.Companies in the business of lending or individuals in the business of lending will create an offering package that can be desirable in one regard, while being less than desirable in other regards.

In all honesty, their well does not bother me; however, someday, when I get a property I desire more, I intend to sell these lots on contracts and want the option to make sure this well doesn't become an issue.Long story short: I am looking for an example of a simple license agreement I might implement with my new neighbors for them to keep their well on my property.Thank You!

I understand that is a less desirable part. 

However, I would be very cautious when trying to invest out of state for cash flow--particularly in less than desirable neighborhoods.  

Suggestions and ideas not only accepted but greatly desired.  

Very desirable place to liveI have about 10k saved up in savingsWhat are my options?

The other Triangle area people are correct in their assessment that what little duplex inventory there is, it is typically very old, not well maintained and in the less desirable parts of town.  

Your CPA might assign 20% to the non-depreciating land (dirt is always dirt and therefore doesn't lose value with age even though it might based on desirability) and the remainder is assigned to the structure which does wear out with age.

The exact same people who say new-age politically loaded  terms like "predatory lending" are the exact same people advocating the federal backstopping of  loans to everyone regardless of academic qualification,  or the desired course of study.  

Maybe find a job doing something to combine your real estate desires such as working for a property manager or an assistant to real estate agent.