We have flat rate inspections; home inspection + radon + termite for $400.  

I also missed a small amount of termite damage that was dormant but under Indiana law, if there is no evidence of treatment in the last five years, it must be treated if there is any damage.

Somebody wanting to sue for you backing out of a bad deal or accusing you of selling them a property with defects like unknown termite damage).

They are selling apartment buildings for low cap rates which have had huge equity gains but they are tired of the tenants,toilets, and termites.

Here are the numbers:Purchase Price: $200K (VA loan) My 2nd, and I do still have the first as a rentalVA loan terms: $0 down with 25 yearSeller paid closing costs: $8K ($1K back at closing for earnest money and appraisal, plus $2K paid to a credit card)Commission:  $6K (went to my wife, sellers agent did not receive a commission)Extras:  $1K termite treatment, $1K radon mediation, $500 home warranty for 1 yearThe plan is to finish the basement, and pay down the mortgage so just in case something happens we can refinance and rent it out.  

That will impact flood insurance costs, both short- and long-term. It

If you plan to hold long term, it's all market dependent.

Somebody wanting to sue for you backing out of a bad deal or accusing you of selling them a property with defects like unknown termite damage).

I've had termites, sweating slabs with no plumbing leaks, broken drain pipes, missing HVAC units, copper stolen from under vacant property, properties red tagged by the county, accelerated mortgages because of due on sale clauses, pets that did 35K of damage, and so many other things. 

I wanted to move closer to the city because I figured long term it would yield a better return and I hate commuting in our traffic.