It is possible that the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

Imagine a Federalized "Army" ready for deployment during any natural disaster? 

Mother Nature always wins.

So you might want to ask the Planning Department if they think a mitigated neg dec would be adequate for what you're looking at. 

As far as utilizing the current owners rent roll to qualify, it will depend upon the nature of the lease agreements in-place. 

Basically they limit anything likely to increase the usage on the septic.I think I would start by investing the limitations on your current septic system of if there is a nearby sewer that you can tie into.Depending on the constraint on the septic system, maybe an increased leach field or a ATU can address the limits of your current septic system.Aerobic Treatment Units (ATUs) are similar to standard septic systems in that they use natural processes to treat wastewater.

You do have to make sure they are adequately funded.  

People see others showing interest, and it naturally sparks competition.That’s how you get full-price (and sometimes above-price) offers instead of lowball numbers from one desperate buyer.The Reality of Dispositions: Not Every Deal Will Be EasySome properties are simply tougher to sell.

I had already read his 500 page book, so naturally we talked about renting and tenants. 

They naturally charge a fee for their services so you'll have to evaluate if it's worth it.