I have been told by a contractor that the foundation of the building is intact, so it does not need to be torn down but requires a "gut renovation down to the studs."

“This needs a new roof, the plumbing is outdated, and look at these cracks in the foundation!”

With the right strategy, it can become the foundation for building wealth.

We’ve found this approach fosters trust and creates a solid foundation for long-term relationships.

Then things went south...I decided to gut the rest of the basement since it got water damaged from the foundation issue.

You don't need to know everything to get started; you need a foundation to build on, and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

Neighborhoods near major employers like the AFB often provide reliable rental demand, which is a great foundation for a long-term hold strategy. 

Some cracks in foundation.

Lastly, always keep your job and build your employment foundation because that keeps you income relevant and lendable.Hey thanks for your reply!

I have a tenant that moved in and reported Foundation and wobbly toilet upstairs.