Newbie here! Under contract, 2 days to turn back!

[Melissa Kaatman-Boettge]

Hello, 

We are under contract for $120,000 for a 4 unit, expecting $650/unit in rent. 

I have a few questions for people with experience in home repairs. The units have been mostly rehabbed, but there are a few things we'll have to fix. All 4 furnaces look like they need to be updated. My main question is about the basement, about a quarter of it had concrete, but the rest was gravel. Is this cause for concern? We didn't smell mold, and the only moisture was coming from a small leak in the water heater. 

We are doing a full walk through tonight, and we'll have an inspector take a look Thursday am. If there are any huge issues with a gravel basement, I would like to find out now, as we could get out of the contract before we pay the inspection fees. 

Any info or advice is helpful, as this is our first investment property! 

Thank you!