If the spout for the bath tub you need to replace as the stopper is defective or worn out.

If you're putting a property under contract to fix and flip, and then you discover some significant defect during your inspection I think you're well withing your rights to renegotiate.OTOH, if you're wholesaling and are looking for a clause to let you off the hook if you can't find a buyer, then, I think you should not do this.

It is dangerous & hazardousRear roof overhang has rotted and loose woodReplace defective meter socketInstall emergency lightingInstall covers on junction boxes and outletsExterminate insects and rodentsReplace front stairwell skylightBuilding rear 2 story wood porch 6x6 columns are erected on concrete blocks. 6x6 columns are double cut for rim joists.

We vetted many managers and he seemed the most knowledgeable about our target market, told us going under market like we were planning was a mistake, that people who would want our home would view discount pricing as a defect, paid for most of his own fee by raising our target rent price to top end versus bottom ($150/month higher).  

Well, potentially manufacturer defects, staples or drywall screws penetrating a wire, or even someone as I said before,who doesnt have ANY experience not accommodating a load properly.

That's the outcome in Illinois.Illinois has a nice statute that says that its fraud to fail to disclose certain defects in the property.

If you already closed, the insurance came out to inspect property and most likely sent you a notice to repair the defect within so many days.

The tenant is to be given an opportunity to inspect the rental unit to determine if the list is accurate or if additional defects need to be added to the list.

There are very few properties that fit into this niche that don't have significant defects (flood zone, train/highway adjacent, built in 1800s, etc.).We too are moving into new builds of SFR with the purpose of rental & long-term hold/management.

@Maugno M.Big difference in warranty25-year - 5 year full start30-year - 10-15 full start depending on manufacturers Full start - If there is a defect in the shingles, the manufacturer will cover labor and shingles during the full start period.