Septic and well for reant property.

[Mark Cruse]

I've seen several wholesaler deals for properties that have septic and well water. Does anyone have experience with buy and holds like this? Seems like it could be a headache and for flips it seems dangerous numbers wise.

[Kathy Johnson]

With septic, if you get a tenant who is unfamiliar with septic or just doesn't care, they can destroy your septic system and cost you a lot by flushing non-septic friendly toilet paper, wet wipes, etc, and parking or driving on your drain field.  With a well, you have to think about changing filters and regular testing.  You need  backup plan for electrical issues and for pump repairs.  If there is a well house, tenants are tempted to store chemicals and oil near the well head.  

You may be required to have the septic and well inspected and there may be requirements to upgrade the systems to current code if you are pulling permits to do extensive work on the residence.  Check the state and local requirements.