Foundation looks good and basement is dry.

Con(s): They do not need any financing on their propertyacquisitionsChauncey WhiteCommercial Financial Consultant"If you want a strong foundation making the transition fromResidential to Commercial or want to improve your current standin the Commercial arena, this is a must read!"

The house needs some repairs in the basement...the foundation may have issues.

Also, I can probably start a foundation and pass funds through it so I can then offer it as a grant to my non-profit organization.

The problems that I dealt with during my first year as a landlord:Water pipe burst / total rehab of 1 unitPay-as-you-go general contractor that didn't finish the work on the unitMold / complaint filed with Health DepartmentCrack in foundation that let water come into 1 unit every time it rainedGot locked in to a below-market-rent section 8 rentalMarketing for vacant unitsTenant disputesSection 8 dispute (although in this case it earned me $1900 :mrgreen: )Fortunately I haven't had to deal with evictions yet, but I know they'll come in due time.

An average home inspection takes about 3 hours per house and covers the foundation, roof, walls, ceiling, electrical, plumbing, HVAC and much more.

So find out if the problem was caused by a roof leak, or a pipe burst, or a cracked foundation, or...Also if there is black mold (Strachybotrys) then I would pass NO MATTER HOW MUCH black mold there is.

I have done every type of construction work from digging foundations to roofing, so I have the knowledge base.

Just remember, going out on a ranch is more expensive than going up with a second level; you must build a foundation to go out, but not up.

Some things to consider:[list]Is the home on a foundation?