And depending on if that was the code requirement at the time or not, and how old the condo is, this may be a possible construction defect claim on the property...so again you may want to look into it a bit more.

The discount sets off some characteristic of the loan such as paperwork defects or borrower performance defects or underlying collateral defects.

Btw, according to the CDC, the cases where a latex condom fails to protect against an STD is when the condom is defective.

-------------------------------------------------------------------------------------------------------Aditionally, the U.S. would do well, to embark on DNA testing for prospective couples, who wish to legally marry, in showing which such unions are fated to produce genetically defective off-spring.

For a rental, I'd probably go eggshell, as it will hide defects and marks better than a flat and not be as crazy shiny as a glossy.That said, I'm NOT a designer, and my wife isn't sitting near me, so get a second opinion before you take that advice

I buy “as is” and will only walk away after my inspection reveals a serious defect that I was not made aware of, that would make rehabbing cost prohibitive at the agreed purchase price.

I have dishwasher because of the price point of my properties but all appliances are the responsibility of a tenant unless defective.

Couple thingsGet inspector in there and there may be more problems than you think be secure in certain about how much work that needs to be doneYou can't rent a defective property or dangerous propertyWhen I have a minor rehab I might do a joint venture with the seller, Buy subject to, get private money to fix the property up, list it, sell it, and take a JV fee of say 5000 to 10,000You could offer the commission to the current agentYou go be very cautious with subject to The bank can call the loan due at any timeI hope that helps just p.m. me because every deal is different

Who is going to correct such defective k-1?

Yes the contingency ended on 21st, but according to contract after inspection if the buyer and seller have to agree in writing which defects if any will be corrected at the sellers expense. if a written agreement is not signed by seller and buyer within those 5 days , this agreement is null and void and the buyer and seller agree to sign the mutual release form releasing earnest money.