I'm troubled by the amount of distrust of agents, though I unfortunately have no doubt that much of it is warranted.

I wouldn't be buying with a quit claim deed.General warranty deed- Warrant through the whole time of the property existing.Limited warranty deed - Warrant from the time the seller has owned it and nothing else.Quti claim Deed- Whatever interest someone has in the property they give it to you.The key here is whether a title company will write a policy on it or not.Most sellers who want to limit warranty will use limited warranty deed.No legal advice given.

What I'm looking for is a second opinion on the financials provided as well as what the next step ought to be in the event the "numbers" warrant further investigation.

.), and you can rehab it without breaking the bank, i would say it warrants a more detailed investigation.

I don't have any buildings large enough to warrant that.  

Even if the renovations were substantial enough to warrant a drastic change in FMV?

I know it's not cut and dry, and definitely depends on the nature of the problems.I would think a water line break or sewage backup would warrant an immediate response?

I understand your frustration, but I think 5.5 years warrants the replacement of carpet.  

@Lazarus CrumedyWelcome to the site.Always happy to see more property managers join the forums.PM's get treated like punching bags around here.Sometimes warranted.

Due to the nature of your neighborhood you will likely warrant a longer look back at comparable sold properties to find sold identical homes.