First Deal - Inspection Revealed...

[Evan Manship]

Not exactly the news I was hoping to hear. My inspection today revealed a little bit of mold and water accumulating in the basement (this is attributed to the property not having gutters that I was planning on replacing in the first place).

Additionally, the property also has about a hundred square feet (that we can tell) of termite damage to the subfloor. There are also some slight foundation movements and cracks but nothing truly fundamentally catastrophic -- just things I would want fixed ASAP.

The seller is an attorney whom moved to Mexico and is liquidating his portfolio - this being the last one of the bunch.

I am currently awaiting the report from the inspector. What is my next play?