Quote from @Steve Tse: Hi BP, What insurance carriers can you recommend in Texas, as I am shopping around to replace my landlords policy that I currently have with Travelers ?

My belief is purchaser had more info on inside condition than I had or was buying to OO.  

Quote from @Robert Frazier: I would stick to something that can be replicated on each flip when you are in a market like this price point.

In many other counties in California, they don't request this info for the reappraisal of the property.

You have to look at things from the management perspective to understand this. 

Quote from @Rud Sev: Hi Michael,Thank you, I will message my CPA asking for a more detailed explanation.I've been inquisitive with my CPA, but unless I ask question I do not get explanation (and unfortunately not a walk-through), although I've shown interest understanding this further and further.I'll try to reformulate my question more clearer (and with more data) - the problem that I have and will have is figuring out if my questions and confusion are due to a lack of understanding on my part, or my CPA is truly making mistakes.Regarding carry back, thank you for this info.

What are your thoughts on this?

What made you interested in investing in this type of deal?

Does this “borrower” even own them any more?

I wouldn't say that people in general like one type over another, but rather people in general cohorts (single, married - no kids, married - with kids, etc.) tend to gravitate towards certain types of properties based on their lifestyles.