The purchase price was a low $33,000 so I didn't feel pressure if things went bad.

But once you flood on the outside it's over, 7 or 8 feet of hydrostatic pressure will find every hairline crack you have..I would think twice about finishing the basement.

So it's not urgent and pressured like the 1031.

Do not get pressured by your agent to do this.

After a major rain event, the only way to relieve pressure on the system is by using it less.

It was fortuitous of us to have a great old world mason who could address the brick wear that was hidden behind the wood paneling which was behind the sheet rock.Framed out with pressure treated... 

In any case, unless you had severe pressure from inside the walls - i.e. if the entire basement was filled with dirt and heavy waterlogged dirt is providing horizontal pressure on your walls - you really don't need virtually any dirt around it at from a structural point of view.

Pressure to buy tempts buyers to accept less due diligence and hold out "hope" that everything is really all right. 

They asked us for a mounted security camera without monitoring. 

Things like a light fixture that has been removed and not replaced or properly capped off...actual missing flooring...any plumbing leak that would keep the system from holding pressure...a malfunctioning thermostat on the oven...etc.The reason I bring these things up is that if the required repairs - that is the repairs FHA requires to be done before they will underwrite a loan - are greater than $5000, then the property WILL NOT qualify for FHA financing.