IMO, the financial reasons for investing in real estate include 1- Asset Preservation2- Increase Wealth3- Current Income4- Tax MinimizationWhile these four are not mutually exclusive, the more you benefit in one area the less will be the benefit in the others, given normal market conditions, unless you uncover something everyone else has missed.

On a heavy rehab there isn't much that I'm not taking care of already, and on a light rehab it's unlikely I'd uncover anything that isn't already immediately visible.Waiving the inspection doesn't mean you can't have an inspection done, it just means you can't back out and get your EMD back because of it.

I am pretty good and knowing what things entail but a detailed book by people who have uncovered these problems in real life would be awesome

There's quite a bit more that you'd need to uncover about yourself before answering that question in my opinion as it depends on your risk tolerance of investing in an area you dont entirely know for higher yield v investing more locally with a trusted team and resources.

But, hiring an official inspector may uncover additional problems that could cost more time and money.

Hard for anyone to know what surprises will be uncovered which is why your budget and your schedule need to accommodate the unknown. 

If no other offer was accepted, go back to the seller and dig deeper to uncover what they really need (HINT: It's not always more money!).

It's been a rewarding journey, and I'd love to hear your thoughts on this fulfilling aspect of real estate.ALE Solutions Uncovered: Ever tangled with ALE Solutions?

Use the dash board to uncover tons of good information and of course  listen to the podcasts. 

They specialise in helping Muslims purchase real estate without riba.