They are just pointing out all of the little flaws and things things that come with an older home.

A key flaw your making in things is associating various markets unto each other, and things just are not that simple, the economy and GDP, stock exchange, commodities market, forex and real estate market have connections but are not tied unto each other and what affects one may affect another in various different degrees, or not at all. 08/09 collapse was a combination of bad speculative trading meet over-supply of real estate with a gravy coating of capital contraction.

these might help, otherwise you may have to uncover a certain amount of work to satisfy the city, but it ultimately is going to be up the individual inspector and the specific city. 

I am concerned that after having eight different guys live in that house over the last six year, she may uncover a lot of little things I will have to fix constantly..

We know this game: shriek loud enough in hopes of getting money without actually having a case.In doing research in response to their demand letter, we uncovered a criminal background for one of the tenants that was not disclosed on application and did not come up in the original Texas criminal check. 

You can interview people who have crazy stories about fraud, easements and mechanics liens that were uncovered after-the-fact.

You may uncover additional discrepancies. 

Listen more than you talk when you get them on the line and try to uncover the real motivation then provide solutions for them.

Certainly I do not consider this to be the biggest flaw in prop 21. 

You're going to have a lot more downside risk in the pricing of those buildings than East Portland.My point is CapRate (with all it's flaws) reflects current income.