They've likely seen one too many episodes of HGTV, fearing a cracked foundation they missed the first 12 walk through's. 119k may seem like a small amount to you.

I know a crew how can finish the interior including HVAC and electrical but not foundation and building..

I got a quote from a waterproofing and foundation repair company for damned near 14.5k and it's quite a shock.

I had an engineer look at it and although the conclusion was the building is structurally sound, the city wants me to address the engineer's suggestions including some foundation and structural reinforcements and exterior work.  

Im currently looking for recommendations for a foundation engineer in the Oakland/East Bay area of Northern, CA who can provide an unbiased opinion on whether there are foundations issues that need to be resolved.

Is there a foundation issue which is causing the water/moisture mold?

This does not include HVAC, roof, plumbing, foundation, and electrical.What type of houses/buildings are you focusing on?

Details of that lease can be found at tomveatch.com/re and you might also be interested in the Substitution Addendum which is similar but allows groups of tenants to replace themselves gradually, so that no new lease agreement (other than a one-page Substitution Addendum) needs to be worked out if someone wants to move out and the group has a good replacement person ready to go and the switchover can be done in good order. 

Offer got accepted and come to find out upon further inspection that there is major foundation issues.

its certainly happening in the bay area.. in Portland we are just about at our 07 peak so it stands to reason just with inflation that we can see new peaks  11 years later..I mean when median price point in Portlandia was 120k in the late 80s  .. it was not going to stay at 120k forever just like now with our median over 300k  and in the peak it was right there .. it can make new highs, at least I am thinking so.also much more equity coming into the market than what was happening in 05 to 07 were every one was so focused on 100% leverage you know OPM  refi to you die.. max equity.. what I see now in my new home communities are buyers aschewing max equity.. don't want to pay PMI and are putting 10 to 20% down and in my last 23 homes community we sold 3 for cash.. at 450k each.. that was UNHEARD of last go around.. so in my mind whatever is happening today has stronger foundation for a longer run.then you take all these folks buying rentals.. and I see it every day on my HUDS that I am signing all over the country.. and its cash sales and 20% down or more.. now BRRR has come back that is 100% financing .. but its limited.. were as in 05 ish that was 95% of how people were buying rentals in the mid west.. so very few had any real skin in the game.. as compared to today..