@Stuart Udis is discussing what commonly happens.  

@Marc Shin You need to provide the location of the property.Mechanics liens laws are state-specific with respect to contract and notice requirements, license status, dollar amount thresholds, and especially TIMING.

I noticed your double standard in your reply as you don't mention the thing that is "eerily similar to what we've heard...". 

People thankfully aren't stupid and have common sense.

I always get a notice to pay for the "Proactive Rental Enforcement Program" https://www.santa-ana.org/prep-program/. 

More long term rentals are also very attractive to students, I noticed that less people seem to be staying in apartments and are instead looking to move into houses around campus.   

.- Getting under contract and then reducing the price because of findings is common, but major reductions are likely to tick off the seller unless you have strong justification.

But just like AHP Fund, I would love to get a notice when distributions are made.

These have two very different next steps.If it is a condo, you need to check your condo docs and see where the unit ends and what is common area. if its a leak in a pipe in a wall that is typically common owner and the condo association should take care of it.

Software is a common question on BiggerPockets.