There used to be legions of stockbrokers, and then in 1975, the SEC cracked down on commission-fixing.

an inspector will tell you everything wrong with a property, from the minor to the major. so if the inspection report finds a bunch of electrical issues, yes, you'd need an electrician to tell you whether they are $200 fixes or $2000. 

How can Norada Capital pay a fixed 15% yield to investors?

Fix the property up to force equity, rent, and refinance with a 30Y loan.

I have read many times that if you notify someone and they don't do anything then they own the blame because they knew of the risk and chose not to correct it.Your correct if a healthy tree or limb falls on your property then you have to fix the damage yourself.Consult an attorney and your insurance company to confirm.

Some times package unit is not working and fixed few times by HVAC contractors.

I am interested in possible doing a fix and flip or my first burrrrr 

We do fix and flips with 7-10 projects going at anytime. 

I love the idea of fix & flip right now @Abigail King, especially right now here in Chicago and I am sure it is similar for you in central Illinois -- it's winter so there are way less buyers and if you can get under contract soon you can likely rehab over the winter months and hit the spring market!   

I have done fix and flips in Columbus where appreciation is strong, and I own a duplex in Toledo, OH where the price to rent ratio favors housing providers.