Quote from @Joseph Chiofalo: Hi Kathryn, Thanks for sharing this info-  I believe we can be a solution for you and your clients. 

My two cents of thought is this: if finding properties is so difficult, you have to get on the other side of the problem and profit from being part of the solution.

Bigger Pockets has given me an eternity worth of answers and solutions supported by rookies and multi-millionaires that are rooting for everyone's success!

Has anyone faced a similar situation and found a solution?

- Everyone: What solutions do you see to make housing more affordable?

It could be a mess in the beginning , but like anything else , things will shake out and someone will come up with a better solution . 

What security boxes or other solutions do you use to insure the rent is as secure as possible before taking it to the bank? 

They do a great job following up and providing real solutions to problems. 

.- Consider reimbursing the new owner: While not ideal, paying the $6k might be the most cost-effective solution to protect the contractor's license and your reputation.- Learn for future projects: This experience underscores the importance of thorough inspections, even on recently installed systems.- Check statute of limitations: Depending on your state, there might be a time limit on claims related to construction defects.As a hard money lender specializing in fix and flip deals, I've seen similar situations arise.

Once I have enough input from BP community and others, I'll post my FEP/S (Frequently Encountered Problems & Solutions) list in this thread.