They don't want the company to be potentially liable if an owner doesn't follow through with the inspections and repairs.After the GFC, we needed the capital investment or they would have had to tear down more houses than the thousands that they already have.

Don't use sheet vinyl--tears way too easily.  

Seems like this is mostly for tear out which is the easy part.

Normal wear and tear.

Once in, they could pay rent for a few months until you feel everything is perfect, which then greases the tracks for them to tear your life apart.

In a way, depreciation creates a disconnect between the tax code and the economic reality of real estate.Some argue that depreciation accounts for wear and tear.

The tenants have been in place for about 12 years, so it does have wear and tear.

Yes they are buying old homes to tear down to build there now.

Get estimates for all repairs that are above fair wear and tear in advance. 

I don't believe the tear-down costs would be added to the owner's property tax bill when there is a condemnation.