Would you buy your dream house if...?

Let’s say you are looking for a new house and you find that you can buy your dream house at a fair price, which also happens to be exactly what you can afford. You can make a list of requirements for your dream home and there is a fulfillment guarantee that the house will fit your needs. For example:

Structurally sound
Safe neighborhood
Excellent school system
Convenient to work
No electric/plumbing/flooding problems
Central air
New heat pump, water heater and appliances
Large yard
Fenced in back yard
No HOA
Whatever else you want

One exception: Two of the items on your list are not included and you will not know which two they are until you have made the purchase. It could be that it is not structurally sound and it is prone to flooding, or it could be no central air and a small yard.

Do you take the risk?