Also although all the plumbing passed, it is over 40 years old and it is possible that they still used cast iron for the drain lines.

I've had plumbers tell me 1. oh good they didn't cut down into the slab, this is an easy job 2. oh good this is cast iron, it's very resilient 3. oh no this is cast iron it presents a lot of problem and we need to dig it up and provide you with a new water line and sewage line (made them explain what a water line was, now I know)Dry wall guy didn't want to do anything but patch up what was there.

I am actually, ironically, slightly more interested in MO .

Ironically, the big banks (Bank of America, Chase, etc) limit you based on your available income, cash, and credit but they don't really care if you know what you're doing.  

If it's built in the 60's likely galvanized water pipes including a main running to the street, lead based paint remediation issues, electrical, code upgrades might be required for sprinkler systems, cast iron sewer that needs to be replaced etc. 

He ironically used to rep the foundation company but dropped them as a client.The point of this is he gave me some sage advice.He asked me whst did I ultimately want to do.

If you read more closely you will see that I am lining up the funding.I have done over 100 deals (biggest deal of which is a $6M acquisition) and the way I do it - is I don't wait until I have every single thing ironed out before I proceed.

Currently they are meeting at Iron Hill on the Riverfront.

You might already have these figured out but if not, it'd be a good idea to iron it out. 

So things vary, as they often do, and there is really no iron rule.