We have a clause that serves two purposes: 1.

However, for the purpose of a healthy and helpful discussion, I invite you to the the do the following exercise to get the facts first:1.

I'm a little surprised at the response you are getting from some of our colleagues.  

To do that, I need to (responsibly) use debt to accelerate growth.

Hi Brian, Yes I did a bit more research after the initial response and found the same information you just described.

The sellers have not been responsive when asked to provide that information, which is why I was wondering if it's a typical practice prior to submitting an offer. 

It never hurts to get re-advised on such things so I really appreciate you getting back to me with such a detailed response.

Quote from @Sonia Vanegas: thank you for your responses.

These loans allow buyers to purchase a property “AS IS, WHERE IS”.Renovation loans are available in 30, 20- and 15-year fixed rate terms and can be used to purchase owner occupied, second home and investment properties.By time the renovations are completed, the home needs to be in move-in, live-in condition and conceptually ready to be resold without repair issues.Other Important Items to Know about “Conventional” Renovation LoansMaximum – Minimum Purchase/Upgrade Amounts:Maximum: Limited to 75% of the “after improved” valueOccupancy: Primary, Second Homes, Investment PropertiesUnits: 1-4 unit propertiesRenovation Term:The renovation term for this program is a maximum of 180 days.The Borrower(s) is responsible for the work being completed within the escrow period.

I have it written in my leases that tenants are responsible for clogs as well as damage from clogs.