Me and my husband decided last year that we were ready to move Out of the City and buy a piece of land, and FINALLY after what seems like forever of searching, we found a place we want! We've talked to the owner and everything, but I feel like being a younger couple (22 & 25), we may get taken advantage of. So I'm trying to do our best at being educated before any money goes into the equation! ... So here is the situation, please let me know what you think! To start off, it's in Missouri, since all states have a different market. -It's a metal house, definitely a fixer upper (that's a big reason we chose it). -It sits on 7.9 acres, but only 2 acres are cleared and the rest goes up a hill and then flattens some uphill. -It's a technically 2 bedroom, one bath. (One of the rooms is a loft). It's smaller than what we are living in, but it's perfect for our small family and worth it to us for the land. -We know the yard floods real bad and comes into The House if it's bad enough, because we've been real good friends with the neighbors of this house for a while. But, the owner has failed to mention that, and I don't know if that's on purpose or he just was waiting. (Its a for sale by owner house, no realtor involved.) Now, I'm uncomfortable moving in until the flooding issue is resolved. I've talked to a few people, and they said build a flood wall or build some kind of trench that you fill with gravel around the house to redirect the water. Opinions on that? - Other than the flooding, most of the work is just vanity which is fine. One room needs the ceiling replaced (especially since it would be my daughters room), but from what I can tell the ceiling shouldn't be more than a $1000 or so problem. So, knowing all that.... The owner says he would take $52,900 for it. With a down payment of $6000, and the rest of the payment as rent to own. So, my question is, is that a good deal and should we go ahead with it?