Quote from @Frank Ritzert: Ron LeGrand recently spoke at a Jacksonville REIA meeting in January 2025 after Cameron Gaskill backed out last minute due to health issues.

I highly recommend an attorney to draw one up as each state and each property can have unique issues. 

Ultimately would you say our case is more so with the inspector for not letting us know about the exposed wire and not so much with the agent and the cosmetic issues?  

There's a good chance the issue(s) you face has already been discussed and answered.Ask questions in the appropriate forum.

4.Tips to avoid similar issues in the future?

Hello I have attempted to brrrr a property recently but didn’t quite go as well as I wanted. So I bought a single family home for 315k that was considered inhabitable. I was able to get a private loan which I used to ...

My neighbor has listed his but also has had occupancy issues as an STR and said that most people looking for either rooms or cheap stays but I can't comment on that as I have no experience listing as an MTR.

My biggest issue with it was a partner of the RAL academy came in on Day 3 and spent 45 minutes showing pictures of a deal he did in colorado.

its an insurance issue. not much else to do.. 

Very state dependent on this issue.