Quote from the official announcement below: "Virtual currency is an ongoing focus area for IRS Criminal Investigation."

When and if possible, include language that addresses remedies, penalties, right to terminate and a prevailing party clause in the contract.Finding skilled labor that is available and willing to work with you as noted above can prove challenging.

We get this question quite frequently, see below for the official HUD guidance.

I will go walk through the building on the day of closing, but say in the event the seller does a quick/cheap repair and the leak reoccurs just days later, I don't want to be stuck with a sewer/plumbing bill right out of the gates with my first deal.How can I make sure these repairs are handled properly and do i need to add in additonal language to the Purchase Agreement to better protect myself in the event this sewer clog/leak happens again shortly after closing on the property.Thanks

A person has to deal with government officials, contractors, suppliers, inspectors, insurance companies, regulators, health departments, social services, police, and sometimes even military. 

(no disrespect just the facts).So yeah thats what the number say...and i say guys like me are in cuz its chosen...and employee cant understand my language of value.Just like bigger pockets similar speaking.So 3% just cant think and do...but 97% can.Hope u enjoyed the long story. 

I also borrowed some great language from this thread: https://www.biggerpockets.com/forums/52/topics/199681-dog-question Or the options to terminate the lease: 2.) 

Keep learning if all the above is not common language to you yet.

@Justin Stetson each state may have a little different language which you aught to learn I agree with the others on and possibly need to wholesale via a specific process.

Either through experience or seeing language in other leases that I liked.If the house will be vacant when you take possession, see if there are any improvements you can do that will boost rent and enhance "rentability."