New Investor looking in the O'Fallon, IL Area

[Esteban Gonzalez]

Hello Biggerpockets! So I am just getting started on my real state journey and I came across this 3 bedroom 2 Bathroom house in my area thats selling for 70,000. I did the four square method for calculating COCROI and bounced my math with the Rental Property Calculator and notice that i would get a decent ROI. Now I notice that in the listing the agent put the following statement: "Home has been tied down with the oliver system to meet lending requirements." what does that mean? I look it up online and I notice it has something to do with the foundation. Anybody has any experience with this? Thanks guys!