If you have examined the matter and have determined you are still in the right, you can turn it over to a collection agency and let them pursue it.

I'd also examine if there is any investor activity (large or small in new developments in any neighborhoods adjacent to where you are considering purchasing. 

This is why you have an engineer and foundation specialist examine, solution and cost.  

I took all necessary courses to get my real estate license while I was in nursing school years ago and decided to take my state exam in March of this year when I knew in my heart nursing wasn't going to work for me any longer...I PASSED on the first try!

Multiply the out of pocket by the ten deals he's going to do the first month he needs about $210k to get started so I suspect he's not planning to bring the mortgage current, but I might be wrong.In my claims work I've known many agents who closed outside the box transactions, it's not because all the others weren't smart enough close them, it's because the ones who didn't, didn't want to run the risk of losing their license or winding up in prison.Some of the posts I read make it sound like searching and examining title and closing transactions is a walk in the park taking no skill, deserving little compensation and less respect. 

That, in every state I've examined is a license-required activity." - Incorrect.

Tenant stipulates, represents and warrants that Tenant has examined the Premises, and that they are at the time of this Lease in good order, repair, and in a safe, clean and tenantable condition.

So if you are planning to claim that, I would certainly create and document more that the minimum required hours..the more hours you spend the better it is in case an auditor throws out some of the hours in examination. 

In any other market I think its unsustainable but then again, I haven't taken the time to examine their SEC 10k reports.

***************************************************************************************************************************Just a couple of side notes for future lurkers:Since I requested the examination, he said he was going to stick to the items I wanted adjusted.