Thoughts on Buying a Property without Inspection.

[Aseebulla Niazi]

Hi BP, 

We made an offer on a 6 unit apartment building with healthy cash flow. The Seller has accepted the offer on the condition that we remove the inspection clause, and their reasons for it is that they have another lower offer that does not have an inspection clause, and they don't want to further negotiate after the P&S has been signed. 5 of the 6 units have been renovated in the last 6 months. What are the possible implications of this seller proposal?

Any advice would be much appreciated.