New member in Kansas with a specific question.

[Shane Shogrin]

Hello, to all out there in the Bigger Pockets community. I have very specific question, or set of questions about a property that I am looking to purchase that would be my first. The property has an elevated wood dining room and kitchen floor that stands above the rest of the living area, which all sits on a slab foundation. There is about a two foot section of the elevated floor that has a visible downward slope toward the lower floor of the main living area. The slope runs for the entire length of the elevated floor and I am concerned that the issue is foundation related. Does anyone have experience with foundation repair companies and could any of those of you that do, please give me an idea of worst case scenario for repair price. This is made more tricky by the fact that the property is a town home and it is also a short sale. However, it is priced about 20K below similar units in the development and I think it could make a great rental if I can acquire it at the right price. For anyone that has dealt with a short sale (subject to lien holders approval), is it reasonable to think that if I submit an engineer's report with my bid, that it might give me leverage in figuring the repairs into my offer? I know this a long and loaded question, but any advice or insight would be greatly appreciated. Thanks!

[Nick C.]

Sounds like it's an unapproved short sale? I wouldn't waste money with an engineering report yet, the bank may counter at a price that you can't pay with or without it.