Cracks, holes, anything larger than 1/16" will be a highway for termites to get in. 

They could probably find a friend to share the room but going down any of this rabbit hole mess is over thinking it.

That is a lot of money to be in the hole and frankly, its the rare case where a tenant will agree to some payment plan and stick to it.

Good tenants and decent cash flow, but the current house I'm looking at would leave me in a $40k hole.

I’m a newbie, no experience, gaining theoretical knowledge by reading books and living on BiggerPockets, itching to pull the trigger on my first deal and really start learning, money burning a hole in my pocket, and I am trying to minimize my risk.

Let me know if you have any additional questions regarding the general installation process once the hole is in place.

@Porsche Ola I'd get a little farther along in more important aspects of wholesaling such as marketing before going down the title company rabbit hole.

If there's a hole, it may be a red flag.b) sensitivity analysis: I examine all the assumptions, and make sure I can live with the worst case scenarios.c) "Stall and see": if they are getting money over multiple years, and there is no penalty for investing later, I would usually wait so I get some real performance data, versus having to look at theoretical pro forma information.d) Recession stress test: I will not invest in anything, until I subject it to recession level stress and see if I can live with the result.

We had them at our Lakehouse every year but during our complete rehab every vent was screened & every gap/hole/crevice was filled.

You could put some teeth into that clause as well with monetary damages.