But not necessary to have this inspection with you're dealing with a condo as the AOAO is responsible for termite treatment.  

Given that I did my due diligence and did not receive a complaint after the second treatment, I do not believe I am the party at fault.  

and there are foundation issues that will crop up and not if but when the soils there are expansive.. so those two things.. have to be taken into consideration.what happens as well is if you buy an owner occ... they could have very low tax's as they get the owner occ exemption.. then when it goes to rental the tax's sky rocket.. and poof there goes your cash flow you thought were going to get.Just like folks that live in Texas why would they buy in CA and subject them selves to CA income tax and the 800 a year franchise tax... when they pay none in Texas it all evens out.. plus they don't have the expense of travel there etc.there are better tax treatment states for buy and hold out there... and if your appreciation is marginal then cash flow is the only reason to buy them

Also have 6 kids at home...one of which has been battling cancer since June.

Our son has a non-malignant brain tumor, works part time and we are still working through treatments with him.  

I'm curious as to costs for this treatment and down time for the house.

People like this are a cancer to our community.

They are working on the DPOA with the attorney on staff at her treatment facility.

She would then lease them back to the builder, and once they were completed, she would realize a great profit, because her properties were the model homes and people loved them since they were already upgraded (window treatments, wall paper, upgraded flooring and counters), so they always sold within a day or two of being listed.In one development she bought three condos and when she purchased each of them they were about 90-100k a piece and the builder leased them back for almost double what her mortgage payments were, and once she sold them, she made at least 10-20k off of each of them in just the time for them to be completed as they appreciated pretty well and fast.So, in respect to what you are saying, if it's in a relatively desireable neighborhood, you are correct in that lot of people love new builds.

Therefore, the real estate is inventory to your business, and as inventory upon sale it is taxed at ordinary income rates (not capital gains).That is not a problem for your business; that is the correct treatment.