To flip or not to flip, that is the question

[Ryan Billingsley]

We came across a promising property through our direct mail campaign.  The numbers all look decent for a flip BUT......

After walking through the house everything looked good until we walked into the basement and found many cracks on the floor and walls that were repaired.  The owner is a investor who is currently using it as a rental and he said they were like that when we bought it.  There is no documentation as to who repaired the cracks.  There is also no moisture from any of the cracks leaking.  

Would you still make an offer and have a inspection out in the contract to have a company take a look before closing or is this a huge turnoff to a retail buyer?

Picture below.