It is during the declining markets when mistakes are revealed.

Wade Guy,Your experience is not uncommon - just seldom revealed and shared.

I know Rick Harmon very well & I'm pretty sure he isn't going to reveal his secret sauce recipe on here.

I think they already revealed that they are not shooting straight and you were smart enough to call them out.

Others are so shy and awkward that they appear not to be intimidators, until their situation changes so they gain more confidence, and suddenly they are revealed to be bullies as well.I can assure you that if you ever deal with me in any business matter, that from a business perspective you will not be treated any differently, and you don't have to adopt a war stance with me.

We turned on the utilities and the home inspection revealed about $20k is repairs.

Don't make the mistakes I've made - I revealed them in Biggerpockets.com/show65.

My soon to be tenant already revealed his "flaws".

Further questioning he revealed my property is under foreclosure.

That combined with the help of an experienced building inspector will reveal how much useful life there is on the big cap ex items (HVAC, water heaters, roof, furnaces, etc).If you're working with a lender, now would be the time to get them involved.