[HardDrive]

We are looking at an investment home. POS that has been on the market like 500+ days. I figured the house was worse than it looked, and the owners were difficult, but dear lord...

The place was advertised as having a 'new roof in the past year'.

Great. Except that on inspection, it turns out they paid a non pro to do the roof. Laughable mistakes. I got 2 roofing guys to look at it. One said he could repair it for $1500. The other guy said he wouldn't repair it, and wanted to do a full replacement. He explained that he wasn't being greedy, he simply had no faith in the way the underlayment was done. He said he couldn't guarantee the roof wouldn't leak.

The agent (of course) wants it to go through.

I'm ready to walk. You can repair faulty details, but that isn't going to matter if the underlayment was done wrong. Moreover, I'm a bit pissed that the sellers clearly had some knowledge of these issues.(Side sewer was messed up, thats being addressed.)

But, but.....the house is a deal. If the roof is bad, it less of a deal. Foundation is solid. Good bones. The location is fantastic for a rental. Quick access to the local university, freeways, walkable area, very close shopping, public transport.....

New roof would be $13k. Accepted bid was $262k

Whats your gut reaction?