Would you buy a rental with a foundation like this?
Hi BP Community,
I'm looking at buying a house that I would like to use as a rental. On the upside, the price is right for it to cash flow nicely, and it's only 5 minutes from where I live. On the downside, it's 100 years old, literally. Someone did some work on it only a few years ago (new cabinets, counters, roof, siding), but I'm worried about the foundation (pics below):
Several of these cracks exist, and some are filled in (like picture #2). In a 100 year old house, do I expect this, or do I run far, far away?
I can't get in the house until tomorrow, but when I do, what should I be looking for to get a better idea of the extent of the problem?
Thanks so much!
David