He told me that without installing a sump pump system (at a cost of $12k), the foundation will continue to deteriorate, which could eventually lead to bowing basement walls—an issue that could cost upwards of $50k to fix.The inspector asked if the previous homeowner disclosed any water damage.

If you've dealt with this how much did it cost and how much time did it take to resolve it?

@Jonathan SniderFannie and Freddie do have LLPA's and the lower the down payment, the higher the cost.

It has been a very bad and costly experience. 

There is a cost to that and the potential for having to spend more to fix things up.  

Cost of Living and Affordability: Texas has been known for its affordability—how does it compare to other emerging states like Tennessee, Florida, or North Carolina?

In many of the rental-friendly areas of Memphis, their loan product often results in out-of-pocket costs of less than $10,000 per property, which can significantly boost your cash-on-cash return.

While using financing does mean I don’t keep 100% of the profit due to borrowing costs, it allows me to take on multiple projects at once and operate in higher price ranges than if I were only using my own capital. 

It will likely be cheaper than the cost of financing.

Quote from @Chris Wagner: Hello everyone,I have a property that had sewer damage that costs me $3300.