Can you give more details or perhaps an example of your option contract.Thanks,Bob Burns

Because leaks were suspected, multiple test borings by state approved engineers were required until no gasoline was found, In one, no gasoline was found so no major problems.

Hire a Structural Engineer.

You may want to get an engineers report to tell you how many piers you need, then go with a good foundation guy that offers a warranty.

Alex, you're all over the place, flipper, rehab, landlord, let's stick to one matter.What kind of engineer are you?

Now my brother (civil engineer) wants in on the action so we plan to form an LLC and invest with our own money.

Great point on the pressure release valve Ben, if you dont test it regularly ( obviously when tank is OFF and COOL for cleaning so you dont get burned ) when you do test it, dont be surprised when it continues to drip and needs replacing then.Also another problem I see all the times along this line is the missing pipe from the pressure release to within a few inches of the ground, without that, if the pressure valve ever trips, it shoots the boiling water directly out instead of to the ground.

A structural engineer to look at the foundation?

Have you had an engineer look at it to determine its effectiveness or it just looks bad?

Start with a sign or banner outside the house, usually listing all the participants and if we have an architect and engineer involved, we put their names up also.