There are a lot of them but you want to make sure you have a 5 year warranty because exterior defects tend to take some time to manifest themselves.Also, it will be more costly if it's a rear fire-escape instead of the front facade of the building.

the purpose of home inspection is to let you walk away if there are unacceptable conditions. happens all the time. you can negotiate price reduction if the defect can be cured.

Once it causes damage, the insurance policy could kick in and help with repair costs.Overall, kind of a tangent here and not a situation you want to seek out, but there are cases where expensive latent defects could be partially covered by insurance if they cause damage to the property.

Some of the differences with SFR that make them less valuable than otherwise similar comps are location on a busy street, smaller lot, bad condition, structural defects, higher tax area, different school zones, different deed restrictions, access to main roads, rush hour traffic, obsolete or unpopular architectural style, inferior finishes, time since remodeling, age of roof, flooring, and others too numerous to mention.To get the discount to fit your formula, you’d probably need to find a house needing significantly more than $15k of work.

In my state sellers are required to disclosure material defects except in special cases such as estates where there is nobody with first hand knowledge.

It’s very interesting and something I’d love to do more of for fun and profit.U have it correct  really depends on what the use of the land is going to be.. if its just log replant and wait for the next harvest you typically cut stumps as low as possible unless there is bad sweep or other defects down low although you can buck those out before being loaded and going to the mill..

I have a due diligence period to walk the property and back out for material defect/problems.In this way you only need to walk through the one property.

It's a tenant preference, not a property defect.

Im not sure thats a defect that even needs to be corrected. 

Others they are obligated because no one can get financing with that defect.