Many folks believe that because Chicago is much more diverse in its industries, economy and has better job creation strengths, that Chicago will be immune from Detroit's death spiral of (a) borrowing and pension debt, (b) failure to control the costs of government, (c) loss of state revenues, (d) bad public schools and (e) ever increasing tax burden for working, middle class families.My interest in this question stems primarily from the dramatic price declines in Detroit real estate prices before its municipal bankruptcy. 

Any hacks out there for sanding, tools, dust control/clean up, dry time, etc. ?

The home is dry.

One must be up to speed on those laws.. its not as cut and dry as what happens in other markets.

I will tell you tho, there is a lot of grey area in wholesaling, everything will not be cut and dry.

I haven't managed to find anything on this so maybe it's not so cut and dry.  

It was examined by a plumber, left to dry out a couple of days and has been fine for four years.People sometimes wonder why basement footage is worth so little. 

That said, unless you're sitting on dry powder (i.e. another stash o' money) you're putting the cart before the horse. 

Some differentail settlement is likely with any house on our crappy expansive clay soils, so be prepared to repair drywall cracks from time to time (especially after really dry summers).""

The Problem: The lot has a dry drainage ditch running through it, starting on the front right side, and moving towards the middle as it goes further back.