That small water leak can end up breaking your foundation, damaging your neighbor's property, or just causing a black mold problem from hell.2)  You sound scared. 

We purchased the house for $70k and put in $80k on foundation, framing, moving the kitchen, adding HVAC, rewiring the knob and tube, redoing the hardwood floors, and exterior.  

My thought process is reguardless of how many struggling-to-support-a-family wholesalers there are, its a good foundation for any type of REI.  

If you go into a flip with only a $10k margin, what happens if you get in and find a serious under foundation leak and mold issues you knew nothing about?  

. **** is slated for a new foundation and windows this spring, followed by extensive landscaping.If you care to discuss this matter further, you can reach me at: **** (a New York number that I brought with me when I moved here) or****@***.com Thank you for your time.

I did find a case which can be found at 316 F.Supp.2d 1201, whereby a dispute between two companies over use and possession of a property, one with equitable and one with real title.

It's not to say I'm an "expert" now, but I definitely feel like I have a strong foundation.  

  $22k sounds about right....but I am not a concrete foundation specialist.

I've been looking for a good deal and came across some properties that is below the market price; however, there has been foundation repairs.

We have 5 offers on a house that has a slab foundation, no real driveway and the yard isn't done (it's winter).