Since the house had no basement, the water leak most likely washed away some soil beneath the building.So, bottom line is, have it checked out quickly.

And this finally gave me the push I needed. 

Wash.

Or push through the tough time to reach the other side of excellent cash flow?

It all seems to be a wash at the end of the day or one Giant math problem.   

Maybe I’ll do an update here in a month and again in two months on how it goes if people are interested :) Thanks to the bigger pockets community and the podcast for all the information which helped push me to feel confident enough to get into this first deal!

Most likely we'll just push back the closing date. 

Has anybody ever pressure washed formstones?

Hopefully that pushes alot more private money into the real estate sector :)

So when the first people to respond to every thread about turnkey properties tends to have something very negative to say about it, that pushes the idea further towards the "overturned oil drum conveniently in our path of travel" level of risk.