That could be:- Improper window flashing or seals- Poor ventilation- Roof leaks- Plumbing leaks- Or even water coming up from under the house (if there’s a crawl space or slab issue)If you don’t pin it down, you’re kind of gambling with your rehab budget and your timeline.Get a Specialist Before You DecideAt this point, I’d bring in a moisture intrusion specialist or environmental inspector (not just a general inspector).

Living in Indianapolis for about a year and a half now.My wife and I have bought 4 homes, 3 of which have been sold.

That's why we got an inspector.

Like some people have mentioned here: interview for agents that know what they are doing, that know investments, that know how to get ARVs , that know how to assess renovations, construction costs, etc A realtor that has this experience will have a team also: Think Contractors, Architects or drafters, Interior designers, Engineers, inspectors, title reps, and they will also already have whole sellers they have worked with in the past, know how to get direct to seller off market homes for you, hard money lenders or other avenues for cash like offers.

Strange coincidence that the other two comments on here are people from Indianapolis. 

My preliminary search has me interested in the Indianapolis area.

Hopefully you had a good inspector and his guidance can give you an idea how hard to push the issue. 

In Indianapolis, those returns are not realistic on newer construction in nicer neighborhoods.

Hi All - I have 8 STR and MTRs in Indianapolis had already furnished and have 5-star property managers handling the day-to-day. 

If i were the lawyer, I'd say there is no basement and if any property inspector asked about it I would elaborate.