We found a property while driving for dollars and uncovered that this said property was debilitated ,vacant and completely gutted.

You could uncover things about the property during due diligence that would make it a deal you should run away from. 

You really don't know what you are going to uncover on a house like that, right?

I'll update what info that I have found so far and I'm excited to share what I've uncovered so far.

His job is to uncover issues and necessary repairs so that the buyer can make a go / no-go decision on the purchase.The appraisal is done by the lender (paid for by the buyer).  

None of which were uncovered when we did our DD & went to the town BUT he had recently dug through 40 years of archives.

We deduct these from the purchase price but, if we uncover it within the reps and warrants period, the seller is still responsible to pay this.Ultimately, a thorough due diligence process is the best defense against a bad seller.

However, there are owners out there that are willing to be creative if you can uncover their motivation and think of ways to resolve a problem for them.  

If you had expected to buy the house "as-is", and it was discussed, then you'll need to buy "as-is" or don't buy it.If the inspection uncovers something that you assumed was what you were buying, then you can ask the current owner to repair or replace it.

We are going to add covered and uncovered parking.