A glut of new apartments washing over the city has quickly turned the tables as vacancy rates hit their highest levels since the recession, led by downtown Seattle, where one-fourth of all apartments are now sitting empty.Landlords who are increasingly hard-pressed to fill their open apartments are offering deals like a free month’s rent, lucrative gift cards and even free electronics."

I will contact my insurance and pray he doesn’t press the issue.

If you want to read up on it I suggest NOLO Press website and books.

I took it out in favor of more time, but I've discovered that playing daily fires up my competitive juices and helps give me a blast of adrenaline to press forward with my day.

You're going to be hard pressed to much that will cash flow above that level. 

Would you continue to press for the re-inspection?

So I called the police and said I didn't want to press charges. 

Instead you should be pressing for price reduction and a better deal.

Assuming you have no pressing liquidity concerns and have a stable household income, I would prefer to buy houses in middle-to-upper middle parts of the metroplex.

If the town presses the point, you will be forced to evict the illegal tenant, possibly have to pay back rent to them, and have lots of other potential problems.Unless you can get (somehow) the proper c/o documentation, I'd walk.