Bankers are very commission adverse.

I believe some tend to be more risk adverse as well which can increase the fear hurdle.Someone that has passion, is willing to work and is driven can set aside the fear.

There is definitely money to be made here but as with ANY investment you have to know your numbers; rather fully understand the full spectrum of adversities that will appear investing in this market...

You will also want to learn about your significant others risk tolerance and financial goals if you have one.If you and/or your partner are very risk adverse then it is probably better that you just plan on all cash deals and start your investing as early as possible.If you can tolerate some risk then leverage is a good way to grow your RE assets more quickly.

The correct term is "adverse possession".

I would say that I'm more risk adverse than most on here and cash flow is more important than ROI or any other factor so I bought my first house with cash.

I tend to disagree with the lawyer in that saying something is "Wood ROT" when it is an active infestation and just replacing the wood to me whether it is intended or not is "fraudulent concealment".Also they could claim you misrepresented and "adverse material fact" with the property.There is also another sticky part to this in that your wife is a licensed broker.The buyer could file a complaint with the state real estate commission.They will investigate and could sanction or suspend her license.This thing could turn into a HUGE MESS.You could tell the buyer you won't pay for anything and see how they respond.They could then sue you.

If there is a known issue (referred to as a material adverse fact) affecting the property, a licensee must disclose it, as should a seller.

have ran some numbers on doing seller financed which I figured was also most reasonable, the return was ok but not great considering the possible angst involved (the tax matters I am uncertain about, despite research I could only hazard an educated guess, will need a professional in that regard for sure)I'm not adverse to using a property management company, we used one here, and don't imagine they can be any worse there.

I don't know about other real estate boards, but in my area, Realtors (actually Brokers) are very adverse to liability issues, they go to extrems to avoid any potential problem.