Also, he showed me additional issues with the roof that were visible by just looking at the defected areas. 

Tenant agrees to pay for clearing the drains of any and all stoppages except those, which the plumber who is called to clear the stoppage will attest to in writing, were caused by defective plumbing, tree roots, or a result of weather.

There is also a clause in the Rental Agreement regarding "defects" which Tenants are required to report to the PM.

I think the HOA will be stuck with this defect on all future sales now that it has been uncovered. 

I have one under contract built in 2006, no defective drywall issues, and under contract for under $51/sq ft.

I've got one, but unfortunately each owner has a large debt due to construction defects (we're 80% done fixing them), so that kinda puts me out of the ballpark for what a buyer would want to pay. 

This wholesaling off of “MLS” is absurd.5 - successful wholesaling entails knowledge of property values, and usually requires knowledge of construction procedures, defects, and costs as well.  

Yes a lender will not lend on a property that is not livable (serious defects, roof, electric.ect...)

This list includes but is not limited to:Reprogramming a remote for cable/hdtv.Flipping a tripped breaker and finding the cause.Changing the agitator dogs in a washing machine.Replace a belt in a vacuum cleaner.Change the flapper and fill valve in a toilet.Replace a seat on a toilet.Put a bed frame back together.Changer filters on a CH/A unit.Clean evaporator coils on a CH/A unit and refrigerator.Unclog a sink, toilet or shower.Replace washing machine water supply lines and/or hose gaskets.Change P-trap under a sink.Change wax ring under a toilet.Adjust a screen door locking and closing mechanism.Know how to change a ballast in a light fixture.Know how to put a sliding door back on track.Know how to reboot a modem and operate a security camera.Know how to change door locks and deadbolts.Know how to re-caulk a tub and shower surround.Know how to change a CH/A wall thermostat.Know how to remove a broken light bulb base from a socket.Know how to replace a defective water shut off valve.That's just the things right off the top of my head. 

I also buy a 1 mil dollar policy for 10 years of covered for defects down the line.. this cost me 30 to 40k and its really just there in case we have a defect claim and it gets past the sub contractors insurance and to us..