Fill in the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

Fill in the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

It will give you a very strong foundation for your rehab.

Here in Texas, those unexpected things sometimes take the form of foundation issues.

There are more deals to be found at lower price points in Durham than Raleigh and many that would be good opportunities to choose if you want to flip or keep as rentals.

I am just wondering if any assumptions can be derived from the presence of these cracks in the floor in regards to foundation issues.

Texas you want to really run your numbers .. tax's there are very high and impact cash flow if your not careful along with what is usually a foundation repair or two or three during the course of owning the property. many times wiping out 1 to 3 years of cash flow per event. 

Foundation issues are common in this neighborhood which take 5-10K to fix. 

@Justin Marshall Try getting your foundation setup first before going after deals.

BUT I would suggest if you have concrete foundation to take it down to that prep and stain as that would make a great long lasting floor you should never have to do over.