($5000 EMD, appraisal cost, inspection cost etc..)

Always do the analysis numbers and try to look at it before you make an offer or at least have a clause in the sales agreement contract that will allow you the time to get an inspection and possibly back out of the deal if you want to without a penalty greater than your earnest money.When you close on a property, right after it, get an insurance policy that will protect you if there is a loss.  

Get foundation company to inspect and place bid to repair or gather warranty info.

The house sucks so most buyers can't finance it, the crappy house will fail any sort of inspection.

Just waiting for the inspections. 

I would like to be at the inspection and have an inspector that is willing to go through the details with me.

Some ways to do so are through inspections, contracts, Title insurance and etc.

If you waived the home inspection, the buck stops with you.Either way,  the cost is minor and not worth your time/money pursuing in court...On the other hand,  if you did have home inspection,  you might be able to go after the inspector possibly? 

Since we have two housing authorities in Bham and neither is particularly light on its feet, investors can lose a lot to wasted time for inspections, revoked or reduced vouchers etc.

This requires a move-out inspection where the current condition is compared to the condition on the move-in report.