Inspection missed big ticket items

[Erin Margaret]

Hello there BP land! I purchased an adorable 1920s two bedroom home I am planning on buy/hold in for a while. When I walked the building inspector through he assured me the frame was strong and there was no knob and tube wiring. Not that I'm 1/2 was in to the demo I found a rotten beam, two completely in supported joists, and the entire down stairs is still functioning on live knob and tube wiring! I have enough capital to deal with these issues but it completely derailed my "10k and rented in two months easy fixes" plan. And I have to pull the capital away from my other bigger project to accommodate. Have you ever found something very very wrong on an inspection report? Did you just bite the bullet and bear it? I'm debating calling them to complain but I don't know what good it would do me.