This would be my first home purchase that I would first house hack the basement apartment and eventually move out and rent out the entire house, just for some context.The foundation type is basement with cement blocks and we know for sure one of the basement walls is bowing.

The tenants will be much harder on the building and they will do incredibly stupid stuff that will make you scratch your head .they will be like oversized children .if you understand the desperation and difficulty of thevarea and the people then you will succeed ,if you go in with a set strict criteria and try to be tommy toughnuts to the tenants then your going to have very high vacancy ( leaving in the middle of night) nd repair costs ( like pouring cement down the drains ) and you won’t see the good income everyone talks about . 

We see the occasional block foundation but I don't think I've ever seen an entire home made from cement block.I know one "feature" of block foundations around here is that building codes won't allow a 2nd story to be added to a single story with a block foundation.That could have something to do with what I see here as it's pretty hard to find a ranch. 

Property Issues known, light external paint, cement front porch repair, going to be some interior work.

the contract  said that 30 cement poles and and replace rotten beams. there is another report saying repairs were good.  

If the plan is to use leveling cement, and it needed a substantial amount of it, the added weight might cause it to get worse quickly without additional support.If you're good with renting it slightly below the average in your market and most of the rental homes are a similar vintage, I wouldn't mess with it.

-Usually need more square-footage to repair- U&O is always going to be up your case and will wack you with even the smallest chip in the sidewalk, telling you that you need to drop 5-7k just in cement before you even get approved to touch your home. - Comping is not as cookie cutter as it is in the city, now you are usually dealing with different styles, build types, etc.Always feel free to reach out to me!

It also backed onto a huge stone crushing/cement plant so fine dust, 5am diesel truck start-up noise etc was common BUT the 'buyers' loved it.

I have done some more digging into the issue and discovered an old drain of some kind underneath a big cement patch under the carpet.

Under the carpet is a cement slab which seems to be in pretty good condition.