The adjuster says over the phone that they do not think the tank sweep company should be responsible for any removal costs which could go into 5 figures. 

If you get an accept offer, go into DD, find out if the utilities need to be repaired or replaced and adjust your price based on your options (full replacement, pipe bursting, patching, ect) to get you your required return.

Since being in California I have helped a couple flippers remodel homes and have learned more about real estate and I have decided I can utilize my construction experience/know how along with an aptitude for maximizing the potential in a building by adjusting layout and achieving the best bang for a buck possible.I've been working on a business plan and am here to get feed back and hear experience from people who have done what I intend to do. 

You may or may not pay some tax depending on what you adjusted cost basis is. 

I will need to make an adjustment to account for this scenario.

I also rebuilt the fence myself.About a week after the damages, the insurance adjuster came by and documented all the damages. 

The appraiser would not adjust his wording and we ended up having to terminate the contract.

Sometimes those who work from home part of the week are willing to adjust their travel for a better property a little further out.I know the areas well and would be happy to guide you in the right direction.

If income/expense numbers given to you were inaccurate, then I would lower my price to adjust accordingly to the cap rate you agreed upon the incorrect numbers.No deal is better than a bad deal, and losing a few thousand dollars is worth it not to get into a bad deal.The broker can put any description he wants, but he should not be passing over incorrect income & expense numbers.Go back and lower your price accordingly or else walk away.  

If only one of you is able to guaranty the loan, there should be an adjustment in the splits for that.