If you got a contract from a local wholesaling group, you're probably fine. 

Read the fine print in the foundation repair contract: Damages to the property, interior and exterior as a result of the foundation movement are not covered, during and after works completion.

@Marco MorkousLike others have said, buy right as with any investment and you will be fine.  

Let's assume:nothing is brokennothing is amazingall major items are "fine" (it doesn't need a NEW roof, but no major leaks)no poolno car ports or garageno dog parkmixed units 1/1, 2/1 and 700-850 sq'water, gas are billed If you are about to answer this with a: "Well it all depends on the circumstance, no two properties are alike." please move on.

Good Evening,Everyone's advice is spot on however one mention of an item I would look at if everything else is looking great on the offer is the inspection period to get the time to take this look.1) Ask if he has the P&L on hand along with other documents if you go under contract.2) If he has done his homework and collected everything to move expeditiously then I would have the deposit made within a 3 day timer after LOI negotiations (he may request it to accompany which is fine since you can request back).

As long as your criteria for buying doesn't adjust with the market then you should be fine. 

I'll be the first to admit it wasn't a great deal, but it should work out just fine as a house-hack.Would love to connect and learn together!

@Alyssa Lukish If the building is in the City of Orlando which is fairly large then you would be fine.

All the numbers workout just fine; however, there is one issue.

Roof is fine and AC works and not damaged but they are original - 19 years old.