One is a double wide trailer on foundation (as if that matters), the other is a townhouse (6 units to a building).Currently, my doublewide has insurance through the bank that my loan is with since my insurance company stop covering me when i turned it into a rental.

Tony your exit strategy will be just as important as your purchase strategy.I am not big on buildings of that age.Way too many issues galvanized pipes,asbestos,knob and tube,foundation issues,etc.The real key is over the years what updates were done and were they completed up to code??

The house literally needs everything from roof to foundation, mold, etc.

Only pay for supplies and then pay upon work completion to encourage completion of the project3 having sewer smell during foundation repair often means broken sewer line and that increases repair cost substantially 4 Never give contractors the ok to sheet rock a building before inspecting it personally or having an independent party not associated with the contractor to evaluate. 5 Refinish the bathtub in a house if structurally sound in lue of replacing in lower tier houses6 never allow contractors to leave any tools at the houseWhat do you think of these items?

In addition, getting the HOA to address and pay for HOA-related issues that directly affect your unit (bad foundation, chronically leaking roof, crumbling wingwall) is a time-intensive, often fruitless process.The problem at the middle/upper-middle income complexes is that you still have people on the board who have no business directing a management company and each member fights to get what they want and not necessarily what is best for the complex.

Also you can order it and get it under construction while you have your property under contract so that by the time your foundation, septic, etc are ready your house could be showing up on site.

Since the house is a foreclosure there are a lot of issues such as:Downstairs(basement)If anything is missing or broken on the walls its going to need sheet rockTile on the floorsFurnace / hot water needs to be re-pipedMain floorWhole interior of the house needs to be repaintedTile on kitchen floorNew appliances / cabinetsLaminate floorGranite counter topRecess lighting1/4 inch sheet rock on the top of the kitchenBathroom re-tiledStairs re stained UpstairsNew door for bedroomsNew light fixturesSame laminate floor downstairs used upstairsCompletely new bathroomOutsideRoof needs to be fixed (not replaced)Foundation needs to be paintedFront porch needs to be touched upSo basically that is what needs to be done for the house.

So we started a bathroom remodel in our home to fix flow issues for resale value and found some pretty serious foundation issues (pier & beam) due to very old plumbing leaks.

Does this look like a foundation issue?

We would often have the surveyors locate the foundation to create a future condo project for selling the units later.