With hard money you have fewer dollars in the deal and therefore increase your IRR dramatically (and in some cases reduce your risk).

It sounds like you might be renting to a family member for reduced rent.

That's because insurance companies consider the fair rental value of the unit and reduce the check by any avoidable expenses.

Structural engineering could be done prescriptively, however with the high wind and slow loads and mountainous siting, I am leaning toward using an engineer I've worked with on many projects before for a reduced rate, say 2k.

Chris Of all the banks I have gone to - small / big / coops - you have a selected who do financing on investment properties and than if they are condos and are nowarrantable the number reduces further.

A great way to reduce your living expenses.

Obviously it reduces the property value substantially.I certainly didn’t get any discount for it being condemned.Is there any route to go back to the title company or the listing agent and seek compensation?

We went ahead and reduced the price to $459,999 which drove traffic in and in not time accepted an offer at $471,000.

If the seller has already listed some of the issues on their disclosure then they may be less inclined to reduce the price for that issue.

@Mike McCarthy and @Chris Mason Thank you so much both for your responses.Fast forward to the future, should I fix this discrepancy after closing the deal to reduce my Taxes or it is going to impact me negatively when I decide to renew rentals or sell this property?