We are looking at a property with an ARV of $250000. It is an abandoned house and probably needs at least $50000 worth of work. However, the well has gone mostly dry, and last time of the seller tried to dig a well they went a 1000' without hitting water. All the wells in this area are shallow, so I'm wondering if anyone has ideas about this? I can get the property for under $100k easily.
No city water nearby to tap into, nor the potential for it eventually.