(Foreclosures rather poop on the living room carpet, and pour concrete down the drain than sell to you). 

Now, before anyone jumps to conclusions, no it didn't drain under the house.

-We can afford to buy a decent home around $800K with a mortgage of roughly $400-$4500, but that would drain most if not all of our savings including the funds from the cash out. 

Oh yeah< and plugged/frozen drain tubes. 

In fact, they rather poop smack in the middle of the living room, pour concrete down the drain and destroy the cabinetns than sell... let alone sell at a discount.I get a ton of motivated seller leads.. as in ACTUALLY motivated sellers, and only a FEW of my leads are in foreclosure, tax issues, liens, tired landlords.. only a handful.Lists inherently don't work!

Drains are a habitability issue.  

Looking at a property condition report, and it says 'pressure test fail' and 'Pour Water/Antifreeze In Drains Fail' What does that say to you?  

@DB BrooksWhile I am fairly well acquainted with older buildings - we have a couple from the latter half of the 19th century and more from the early 1900s - I do not know the particulars of being in that warm of a humid environment (it gets humid along the cost here, but only warm for half the year).You do want to look at the plumbing, though in a depression era house, I would suspect galvanized supply and drain lines to be more prevalent than lead (though they are possible).  

Sources include dishwasher or washing machine overflows, flush from sink drains, and toilet overflow with some urine but not feces. • Category 3.

Say you've just purchased your first home-- you've drained a good chunk of your cash reserves and have yet to collect much in the way of rent.