Back in 2014 I was burned out at my engineering job and wanted a change.

I'd rather lock in profits at 18-25% ROI in 4-5 weeks than take something more complex that requires permitting or engineering approval that may lengthen the project to 8-12 weeks for a higher return.

If it were me, I'd get a really good understanding of what the true cost and time involved with making those basement repairs, an if its me I'm getting the drawings for the repairs from a structure engineer with the stamp on them and that is going in the building file for sale and appraisal later.  

Separately, I also scheduled a structural inspection from a company (Crosstown Engineering) to get another perspective about the current foundation status. 

It’s our job to “engineer out” as many of those challenges as possible to be sure that we’re one of those buyers standing when it’s time to roll out.What kind of challenges?

If you are still interested in how I went about the research and where I am at in terms of becoming a real estate investor, please read on.First of all, for those who don’t know who I am, I would like to give you my current situation regarding the real estate investing journey.Current situationI am currently working as a full-time engineer, and in fact, I am typing this in a hotel room before attending a shock and vibration test for one of the suppliers in Long Island, NY (sorry this is not relevant information for real estate).

I am a senior in college, soon to graduate, get married, and move somewhere in the U.S. as an entry-level civil engineer.

I would get it repaired BY A LICENSED CONTRACTOR and have them include an Engineer's report as part of the deal.

Gambrel roof style with no attic venting or gutters.Those are just a few of the things called out that i would say are MAJOR and of course could cost several thousand to remediate.I've asked that the seller address the structural and chimney issues by a licenses engineer and contractor in order for me to even consider moving forward with the purchase, however if they decided not to and i ask for a significant reduction in price (thinking maybe $20-25K), would that make sense/be fair?

After our inspection it was recommended that we get a structural engineer to measure the settlement of the house.