I attend a community church called Rockbridge Community Church where I play bass guitar and lead a small group of ninth and tenth grade boys.

I'm going to look at a property tomorrow, and because of the grading of the land around the property, I wouldn't be at all surprised if the basement gets damp during the wet season. 

., but much smaller yards, not a corner lot and not updated.I guess I am just at a loss of what to do as there are two options:1) Try to just sell as is for mostly land value (likely to bring less than $25,000).2) Remodel the entire house with low quality interior (but would make it the best interior in the neighborhood for sure) and see if I can get in on the higher range of the area ($75,000).The newest developments/remodels in the area are two new(er) houses built in 2004, both across the street, both sold for $75,000 in '04 and both look exactly the same with 1200 sq ft and small yards.Moving forward my plan is:1) Get a contractor to give me some type of ballpark estimate on what it would take to replace most of the interior with a new, low grade material2) Get a professional appraisal and see what kind of guess I can get from that.Even if I could just get an extra $10,000 of value after all is said and done, I think it would be worth my time.

Mark,You just went above my pay grade!

Also, ROI tends to go down the closer you get to the beach as even if there are HOA's that allow vacation rental. their fees and and higher price you're paying to acquire the property generally don't make it investment grade or cash-flow worthy and most likely be breaking even or offsetting some costs.  

While they lived there, they realized that the carpet was not going to hold up to wear and tear (it was a new condo with very light inexpensive construction grade carpet) so they replaced the entire floor with laminant flooring except the two kids bedrooms.)When they moved out, I needed to go in and replace the remaining two rooms of carpet and I needed to basically repaint the entire condo.

Unless your buying/selling institutional grade assets sellers pay the commissions.

Miranda give The Ultimate Guide to Grading Birmingham Alabama Neighborhoods a read.

It's not hard for me to find wholesale deals or buyers, it's just hard for me to get up the nerve to talk to them.Just so you know a little about me, I've been self-training to get my Certified Ethical Hacker Degree from UMBC since 9th grade and now getting official training at ITT-Tech Institute.

It may be as simple as poor grading around the foundation.More likely, there is static pressure against the foundation from excess moisture in the ground.