Just to put this in context for folks not from the Bay Area that might be reading this, here's what we face in the Bay Area:- REO "specialist" realtors nailing access panels shut, and telling buyers that their inspector can't go in there until after inspection contingency is removed.- Sellers hiding that the 4th bedroom in a 1923 home has no foundation at all.- Sellers failing to disclose clearly visible earthquake damage that has been in place since 1989, but that a Common Joe might not notice, so they are only going accept offers with no inspection contingency, even if it's an offer for $30k less than the other offer with a 6 day inspection contingency.- REO "specialist" realtors opening pre-escrow with multiple title companies, looking at the prelims, and using whichever title company screwed up and didn't notice the clouded title.

@Jimmy Chou nailed it pretty well. 

Julie Marquez nailed it. 

It's not clear to me whether I should value it more like a Tosa property or more like a west side Milw property.What I like about the neighborhood:- In Tosa school district- Near all the cool North Ave retail activity- Might attract tenants attached to the Medical CollegeWhat I dislike:- Proximity to rougher areas of Milw- Immediate area is mostly scrubby retail like nail salonsYour thoughts?

Could this be from scuffs and nail holes?

@Nick Orr @Mark Ainley Hit the nail on the head.

Hello Account Closed mentioned nailing down what you are looking to do in the industry. 

All kinds of issues...electrical outlets ungrounded, plumbing issues, flooring issues, a deck that was built wrong, a new master bath that didn't make any sense with a shower door hung wrong, a shower pan that had been nailed through, roof repairs made with 3/8" plywood, roof leak "fixed" by caulking the shingles.....new vent boot that wasn't nailed or seal, bath fan this venting into the ceiling....an unreal list.  

Then make sure it is properly served (i.e. personal service, substituted service on another person, or "nailing and mailing").Then wait the 3 days to see if the tenant pays. 

you nailed it Karim.