When doing the inspection the tenant said not long ago there was water in the basement up to her ankles but was fixed recently.

Because then you can't regularly inspect the exterior for points of water ingress and hit it with your plain-jane lasts-forever GE silicone, and if you have windows with exterior trim that's so far gone paint and silicone won't seal it, then you really should be replacing it with PVC trim anyway.Especially in an elderly place originally built with double-sash windows with counterbalancing weights...these days I wouldn't use an installation company if they paid me.

I feel certain that the 1930 house needs a home inspection.

Of course nothing substitutes for due diligence and checking/inspecting property that makes it to the end of the funnel, but this helps me know if I'm in the ball park with a little room, if actual numbers are low or high.Best,SC 

@Kenia Crevoisier With permits comes inspections.

@Waylon ZookDuring due diligence/inspection period; ability to review all leases. 

How often do you conduct inspections? 

@Franko Shenault   Skeleton Key Home Inspections is a favorite of my Kenosha clients.  

I recommend you conduct a walk-through inspection to see if there's any pet damage.Lots to do.

I would highly suggest you get a well inspection before the closing to ensure there are no issues with the well and if there are make sure they are addressed.