The majority of underground tanks (up to 80%) leak and if it does then you have soil and potentially ground water contamination to deal with.

The community here can definitely help you navigate the waters.

The water's warm!

@Chris Adams you're probably right that in your area it is different than in Georgia.With that said, in Atlanta the water company is also owned by the city and the law here states:(c) A public or private water supplier shall not impose a lien against real property to secure unpaid charges for water furnished unless the owner of such real property is the person who incurred the charges.

The condition is clean, but needs a new hot water heater, new A/C unit, new appliances and carpet and paint.

As per the zoning permit's it's 3 dwelling unit and a 4 rooming units .I'm buying the place out cash and according to local realThe rent for each of the 3 dwelling apartment is $500 they pay there own utilities and it's $350 for each rooming unit but I'll pay there utilities generating a month about $2900 before expenses ( insurance , water. , garbage maintenance ,electric for the rooming )It's my first deal so I want to make sure it's sounds realistic and it's a good deal

Are the gutters even in the right location for water drainage and the adequate size??

water/landscaping/village liens, IRA liens, property taxes, mechanic (ie, contractor) liens to name a few.Make sure you don't buy a 2nd lien.

I'm not a fan of HOAs, the fees can be onerous.But I have benefited by getting a new roof, new siding, and a new parking lot from the HOA fees that I paid.And besides those extraordinary items they also provided grass cutting, snow removal, heat, hot water, sewer, trash removal, insurance and outside maintenance.And besides those normal fees that I would have had to provide they also provided some items that I would not ordinarily provide like swimming pools (hate the maintenance and the liability), tennis courts and club house.

His resolution was to hold hostage the water bill.