The investigation may uncover other problems and even cause them to lose their license which would protect other investors.4.

I've made some offers on properties and been under contract a couple times but haven't closed yet due to repair issues uncovered during inspection.So I'm just getting started and I'm building out my property analyzer.  

@Meghan Edgar suggest contacting a commercial agent that specialises in student housing.

If you decide to pursue it please drop an update as to what the situation is when and if you uncover it in the due diligence. 

I know you have $40,500 but does that leave any room for errors/uncovered items/time delays?

Is there a form letter people use to send out say here is the itemized damage charges and a bill for the uncovered amount?

I assume the question is trying to uncover if I am downgrading because of financial issues?

Glad all this is getting uncovered!

The types of inspections vary by property type and situation (and locale), but in Illinois, a licensed home inspector generally inspects the home first, and other inspections and tests (for things like lead paint, asbestos, etc.) can be ordered if revealed to be necessary by the initial inspection.Based on the outcome of inspections, buyers may elect to ask the seller for repair work, closing cost credits, or a reduction in the sale price due to flaws that were uncovered.

A Thorough title search includes written inquiry to the code enforcement dept (and utilities, etc) in order to uncover any existing but unrecorded code violations.