Originally posted by @Jennifer Cardwell:
Wow! This is so impressive and inspirational! I'm curious about the potential structural issues you mentioned. How did you determine whether there were actually issues and, if there were issues, how did you resolve them?
Hi Jennifer, great question. We budgeted for $35k to go towards a worst case scenario structural repair in this situation so we were willing to move forward and the deal would have still made sense if we had to spend that. After we closed, we were able to open up the floor where the issue was and saw that it was isolated to one room. Being that the purchase was as-is with no ability to check the severity of the damage without opening up the floor (which we could not do prior to purchasing it), we had to make sure we planned for the worst and it still made sense.
