Simply that - market corrections, development not getting completed, some other unforeseen circumstance that inhibits or prevents appreciation the way you may expect (like, for example, another hurricane!).  

They were ripped off by the inspector because a bunch of those tests samples were unnecessary. 1966 home with popcorn ceiling, almost guaranteed to have asbestos.However, good thing the inspector was reputable and didn't damage anything.Yes, I got the report, and the roof was not sampled.I have offered to eat the cost of a month's rent and have them find another place immediately.

I'd get a tech out for a "preventative maintenance" call and see what he says.

This kind of stuff is unnecessary and complicated and unnecessary.

Better an ounce of prevention than pound of cure. 

The numbers:3 BR/1.5 BA SFH in good neighborhood with an in-ground poolSale price: $80KEstimates renovation costs: $35KARV: $175K to $185KEssentially the owner is an older gentlemen who was working on getting the property renovated but health issues have prevented him from putting the time and work into it.

1. agents can ruin a deal that the seller and buyer worked out and spoon fed to the agents. 2. seller turned power off a day early creating unnecessary "fires" to put out ahead of time3. tenants need boundaries (immediately) to limit unnecessary interactions4. if you buy a home warranty remember you bought it.... or you'll pay more out of pocket unnecessarily 5. don't do too much too fast or only do exactly the repairs you say you'll do.

1. agents can ruin a deal that the seller and buyer worked out and spoon fed to the agents. 2. seller turned power off a day early creating unnecessary "fires" to put out ahead of time3. tenants need boundaries (immediately) to limit unnecessary interactions4. if you buy a home warranty remember you bought it.... or you'll pay more out of pocket unnecessarily 5.

Just a heads up, there are a lot of older homes in the area with slab/foundation issues that may not necessarily be in a flood area but due to settling among others issues they can get constant water damage if they don't have a system set in place to prevent it.

It's applied over the lead-based paint as a sealant to prevent paint chips or dust from being breathed in or escaping."