Read a book on how to manage dealsThat will give you a foundational understanding and then you can refine your knowledge based on how you want to invest.

I'm actually looking for large value ad stuff where the house is a pretty light rehab EXCEPT for major structural or foundation items, because most of those kinds of items now don't scare me away and I can differentiate and compete with less people when finding them.It takes baby steps though, if that makes sense. 

I am newer to property management thanks for the reply to the post.The problem I am having is no contractor can tell me how water is getting into my garage other than its coming in from the foundation but where?

He essentially said that the existing perimeter foundation is not enough to meet the requirements of chapter A3.

I offered 150k all cash, 100k earnest, closing 4 days or less, and only due diligence as a contingency to get someone out to see if the foundation was still functional.

How big of a house can I build on this lot if I demo the current home and build a new foundation?

@Anthony Miller Maybe watch this for a foundation: https://youtu.be/9fi54S8nwUA

So my $0.02 is that first, if you are concerned about going at it alone, read more books to get a stronger foundation.

Now if you found something just extraordinarily out of order like all the plumbing in the house was actually faulty, or there was foundation damage, or something else that the average person would not be able to identify, then that's a perfectly good reason to utilize that clause or better yet, to try to renegotiate a price with the new information in hand.

The best way to go about this FOR ME is to make RE the foundation of my financial portfolio and live off the passive income it provides.