@Roy N. 

Seller won't go for it, but... see if they will indemnify buyer from post-settlement lien costs and obligations (sharp stick comment below will shed light on this one.)N - NP, title agent, I'd put a line in there and ask them to declare this up front in order to give you the opportunity to object in case you want to.O - NP, seller's insuranceP - I'd modify by adding , (iii) Or other remedy as may be agreed by Buyer and Seller in separate addendum.

I'd say research or networking.Are you hoping to be a buy-n-hold investor?  

see formulas below.P = L[c(1 + c)n]/[(1 + c)n - 1] = monthly payment of principal and interestB = L[(1 + c)n - (1 + c)p]/[(1 + c)n - 1]B is principal remaining after n monthly payments. for first year, n=12L is your original loan amountc =monthly interest, yearly interest rate/12p= monthly payment for Principal and InterestNow your next calculation is you ROI based on tax savings.Your depreciation allowance is the purchase price + a few items of you closing divided by 27.5 years. check IRS for how to determine you initial Basis or value to be depreciated.Now you can calculate how much of your rental income is taxablethe net cash flow from first calculation above + first years principal pay down(you only deduct interest paid)+ Capital reserve (hopefully you will not spend this the first year) = your best guess at taxable income from your rental.  

I am strongly considering purchasing a fix n flip. 

@Roy N., thanks for the recommendations on the treatment as well as the sealant.  

I was thinking somewhere in N Cal too.

Gulfport I've found tenants tend to pay late more and put more wear n year on my house than all my tenants in Oldsmar which is why I'm considering a 1031.

On section 4 of the Sellers Disclosure you have N/A and never once mention foundation issues.  

Or move to N.