To remain out of govt cross hairs if I were you I would buy and only market it once you've already taken title.

It is a dry basement, but it's not finished and the stairs are narrow and steep.  

I’m fairly liquid and am keeping a lot of dry powder ready for whatever happens in the next 12 months.

It's like saying "My sister cuts hair in her basement and she is far superior and has more clients than a person on Mainstreet could ever have, because they are retail consumers and all need perms, nails and Dye jobs"!!

Ceiling panels can be replaced quite easily and carpet can be dried out (you have a head start on steam cleaning!). 

the type of transaction Bill us referring to is a simultaneous closing, also called a dry closing where party B uses party C funds to close the A to B transaction.

They have pretty well dried up the market for deals in Atlanta, at least off the MLS, and they are paying retail prices or higher at times.I fully realize that you really can't generalize what the institutional investors are doing in SFRs any more than you can with the stock market.However, as I stated I had a limited knowledge base about these institutional investors that has been significantly expanded by several of the BP members who added to this thread.

Some years they are dry and some years they are flooded.

Dry rot can affect wood.

to me its a health hazard unless involved indecent *sexual* exposure. ie, an adult parking his/her car outside of an elementary school or anywhere for the matter with genitalia unclothed would likely be a sexual offense however the same person into their car at the beach parking lot caught taking off their wet trunks and slippin into dry trunks, or vice versa, or maybe even urinating in the nearby bushes isn't sexual (except to a sexually obsessed society that loves to associate natural nudity with sexuality).i notice at alot of the beaches' changing rooms around here in socal, alot/most of the guys walk around freely naked and even aroused. must be a western thing?