If it is corroded put coca cola, with brush or clothe, get it realy wet and leave overnite and it will come out.

Sounds like a great first deal to get your feet wet.

Needless to say, there were no tarps every placed and we have a lot of wet subflooring and framing. 

So, I can imagine the area getting wet, without a back-up so much.

I'd imagine something along the lines of a wet bar or something similar already in the basement (or other potential MIL space).

Hello,I hate to be a wet blanket, but I must point two things out if anyone is trying to combine this scheme with traditional mortgage financing (@Daren H. got a hint of it):1) Your loan officer or mortgage broker will generally ask you questions, fill your loan application out for you, and hand it to you to sign.

Occasionally I have a guest with a dog a when it is raining and get a little bit of a wet dog smell. 

The soil is often red, derived from igneous, sedimentary and volcanic rocks that existed in the area thousands of years ago.Soft soil like this can be of concern over the longevity of your foundation if you don't ensure it is properly protected.If the soil around your foundation gets wet, and dries out, that can cause the soil to expand and contract.

So far other than extra pet hair and the occasional wet dog smell I have been lucky. 

your market is 9% cap rate with 0.34% mortgage income ratioour market is 4% cap with 0.63% morgage income ratio your market is investor's wet dream lol