If your research reveals your potential tenants are members of a protected class and you don’t offer them the rental unit, you could be exposing yourself to fair housing complaints and lawsuits.

Fixing it may reveal other problems that need to be fixed.

LOL... the gist of the thread and chime in from all the top TK company owners on BP revealed how dangerous their model was ( those particular assets) how they have no real experience.. and other things that just did not ring true.  

Just keep doing what you are doing, which is your own DD even when you have professionals involved because, speaking for me personally, I can always learn so hire someone willing to look and review what your DD has revealed as well. 

Inspection revealed about $40,000-$50,000 worth of work that needs to be done.

Besides gaining sponsorship, passing the exam is all I have to do to gain the license.After talking with a top recruiter at Keller Williams, he revealed that he believed the wholesaling method of real estate investing to be "unethical" by stating that it takes advantage of the seller in several ways.

keep digging into this idea and the best way to approach this deal will reveal itself to you.  

Several years ago when a new survey was done on their property and the property next door, it was revealed that my parents propane gas tank (which was already in place when my parents bought the property) and part of the walkway (ditto) is encroaching upon the neighboring lot.

Most of the time they are also licensed and would be able to help you appreciate if whatever the opportunity is a good value. 5) A LOT of these TK providers sell OLD properties which will need a lot of major components replaced if your inspection doesn't reveal the replacement of those systems "sometimes you can win betting on borrowed time" 

Take everything at face value, ask the seller to fully ratify a purchase contract, then if needed renegotiate price if things like Schedule E or estoppels reveal any mis-representation.