Thanks guys for all the helpful replies! I now know what to look for. Unfortunately, I will not be purchasing this property. The owner took a few short cuts per my walk through tonight:
- I'm in upstate Ny and a heating oil furnace was here... well the thrifty past owner cut the fill and vent to the outside (I've never seen this before) and would fill his own tank from his truck diesel transfer pump... using offroad diesel. Not sure the logic here, maybe wanted to save a few bucks or he had a spill and the company would no longer fill... IDK?
-The basement was very leaky and water damage was evident. There was even water on the floor. Incoming water line from the well looked to have some leaks.
-The pole barn had a nice rainfall effect going/leaked pretty bad... Again this is Upstate NY it rains a lot!
-The basement stairs we're pretty wompy (re-done by the owner) and had a drain pipe going through it. Again never seen that before!
-The past owner wasn't a fan of junction boxes - I don't think he knew what they were, just a wire nut and good!
-The generator interlock was pretty crappy- past owner drilled a hole outside the house and wire nutted a cord to the outside - wish I took a pic.
-Under cabinet kitchen lights were done with exposed wiring and wire nuts!
-The pole barn had an active Zinsco 100 A panel LOL!!!!! These are the ones that catch on fire!
The prices of homes in this area have SKYROCKETED.... and it's amazing what junk people are selling LOL