On the other hand install is very very simple once you get the groove going and the floor is very durable (we have never needed to replace any so far after 2 years.So to break down my opinion (Theres way smarter people than me on here) Snap Together Vinyl Plank with underlay might be good for your sound situation, However if your tenants are able to destroy it, (ie: Defective High Heels or Scratching the floor) its 2X the money gone since the planks are super hard to replace.

Keep in mind, neither you nor the inspector is likely to discover any latent defects, so I always budget a bit extra to cover those.

They never lived at the property and would have little to no knowledge of any defects.

http://mentalfloss.com/article/29123/4-br-2-ba-1-ghost-what-law-says-about-selling-haunted-housesMost U.S. states require sellers to fill out a standard form disclosing what they know about the property's condition and list any potential physical defects.

Things we will do:1) Repaint to get rid of any wall defect.

I'm still, to be honest, not sure what amounts to a construction/material defect out here. 

We stopped by, replaced the new but defective outlet, and found out that our neighbor has been mowing the lawn for free. 

I would make sure you have your attorney review the notes as if the note or mortgage is defective somehow that could be a big problem and you really need to understand the collateral. 

Sometimes I ask an associate if they have certain appliance that have defects and ask for discount.

I just purchased a property and realized there is an undisclosed sewer defect.