You are right, when the inspector mentioned the possibility or prior water damage is when you should of had that basement inspected by a contractor/professional and not listen to your agent.Gregg is right, the sellers were aware of some of the damage which is why they gave you a 5K credit. 

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

And my IMPRESSION is that with MTR you are getting 1) traveling professionals (nurses) 2) relocating professionals 3) Insurance company temp housing for claimant remodels. 

As I reside in Palm Bay, Florida, approximately three hours away from the property in Jacksonville, Florida, I'd be forever grateful for any recommendations for local professionals who can bring my vision to life.

If you're an investor, wholesaler, or experienced real estate professional in North Carolina, I'd love to connect and learn from you!

If you are going to start BRRRRing in Philly assemble a team of real estate professionals who can help you with market analysis, location, title and financing.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Are you focusing on corporate housing, insurance placements, traveling professionals, or something else?

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Then talk to a qualified, professional QI like @Dave Foster.