We are told this policy does not covered asbestos abatement.Please note that we do have Ordinance or Law on this policy that will cover up to 2.5% of the Coverage a-Residence. 

We literally have had zero vacancy on most of our property in years.Maintenance is typically $1000 a year on a 1 million dollar property and our values double every 10 years, actually every 7.8 years but let's call it ten.So if you can afford to get in you will create more wealth over time than say a city like Memphis where I invest in the USA

(If you put 20% down on a $1M property.

Most investors who take this route are not short-term investors and do not enter the investment with a timeline for sale. 

And they very well could argue that your change orders due to inspections are what slowed it down so penalties are not applicable, anyways.I have offered INCENTIVES to finish when I have been in situations closer to yours. 

I would strongly recommend not handling it on your own.

Today however, I'm closing on a 2BR/2BA condo in a 55+ active living community which my mother is downsizing into.

Your new ARV(after repair value) should be supported by an adequate amount of comparable sales in the area(duplex's).

I am cutting out 2or3 middle-men; a sales rep, a GC, maybe a sub-GC because yes there can be layers of GC's depending on who your hiring.

I call them and say I acquired the property on this date via foreclosure and unfortunately the HOA liens were removed and I am only responsible for X.