Are you able to withstand capex or negligible cash flow for an appreciation play? 

Upon lease termination, a waiver was signed that releases all parties against any claims or liabilities.According to the inspector, it is believed that the mold is traveling up to their unit from the basement via the basement door which is accessible from the dining room which is inside the condo unit.Ultimately, the property management company working for the HOA has been negligent in addressing various leaks in foundation, and visible mold in the basement.

@Gebson PinheiroNo one on here is going to advise you to break the law.Everything you've documented in this thread thus far, and on a public forum at that, would lead a reasonable person to believe the incorrect tax implementation goes beyond negligence into fraud.There is no statute of limitations on a fraudulent tax return...

@An LamI think if the scam had caught you, you’d have to sue the title company for negligence for failing to keep the emails of the transaction safe and causing you to fall prey to a malicious actor.You would NOT be covered by FDIC but the title company might choose to cover you because they’d be very likely to lose that lawsuit.

I've learned through a few hard money loans already that points and interest are negligible when you add up the other crap.

Property A (Rental income $5000/year) + Property B (Rental income $5000/year)I would buy Property C that requires $10,000 worth of work so that I can list that as an expense and break even on taxes.Due to this, the taxes I had to pay were negligible.

From your story it sounds like the pipe under the sink leaked, which would not be negligence in my mind.  

If something happens that isn't clearly related to a negligent action by the trades-person, then I doubt he would be responsible.

The leak was from a toilet leak that we only knew about after the mold was reported to us on Sunday so there's no negligence or anything of that nature.All the articles I read regarding mold say that it's a very subjective area in that black mold is rare.

It seems like a combination of ignorance and negligence - there were a few issues that I think they genuinely didn't know about, e.g. they installed a furnace closet in an area where it is not allowed (a bedroom).