Its a contract of indemnification against actual loss suffered by the insured and frequently the insured doesn't understand the policy definition of actual loss under the policy and is surprised, and not in a good way, by what they are entitled to recover.In addition, the insurer has the right to cure the defect in a reasonable period of time and again, the insured may have a different opinion about how much time is reasonable than the insurer. 

As in CA there are thousands of multi bene loans floating around and the state realized decades ago;.. that when they have problems the lenders don't know each other or how to get in touch with each other.. this disclosure cures that. this allows CA brokers to do multi bene loans without securities filings..

Also with the mass amount of  blighted properties on the State inventory leading to tax purchasers getting cited for weed, inside trash/litter, and Structure violations, I’m really curious to see if money spent to cure the violations will be refunded to tax purchasers in the event of a voided tax sale claim OR even redemption. it would be an interesting argument to say the city can now use tax purchasers as a means to clear the blight issue at no cost to the city or the property owner by issuing citations once a certificate/deed is issued. 

Then wait, then I would proceed.Another aspect of fighting with any lender claiming a breach of the covenants is that they always must give a notice to cure any default, if push comes to really hard shoves, simply deed the property back.

An ounce of prevention is worth a pound of cure

This will satisfy the bank and be a cure for the default but your contracts have to be solid and state all this stuff and the seller has to be on board for all of these challenges when doing a SubTo.

Either way, it sounds to me as though you should renegotiate the purchase price.With respect to financing, depending on the extent of the deferred maintenance, most lenders will expect it to be cured either prior to acquisition or soon after, i.e. six to 12 months.

There still is no cure for the supply problem until everything gets built out, which may happen some day but not too soon.

However, if the tenant's action or inaction is promoting an infestation (you'll need to have proof), then I would issue a three day to cure or quit (check the laws in your state on specific notice you can use for violating this section in your lease).If it is a multi-housing, treating one side is ineffective.

Now that I understand you are a Realtor, held to a higher standard, I won't come in with guns blazing :)You need to take buyers to get them qualified, what you find out is what they must do to meet guidelines in 2 years or 3, the worse the credit is, the longer the contract needs to be to cure the issues.I'd think again if I were you, I wouldn't get in pig in the poke, I'd want near misses, those with slight issues, foreclosures are fine, depends on why they had a foreclosure or bankruptcy folks from 2 years ago.