Know your numbers and put in a contingency for removal of the drywall covering the foundation walls in the sinking corner of the basement for a structural evaluation of the condition.  

Needs a lot of work but it looks like from the pictures (haven't walked the property) that the floors and such have already been removed like someone was going to try and rehab it.

The additional inspection was performed by an abatement expert and went towards the price of removing the asbestos.

I live 40 miles away, so I called the owner of the biggest plumbing co in the city and he and 2 techs drpped everything to get to the property within 10 minutes of my call.I had put a garage outdoor access remote on the outside of the house.. they couldn't get in thru that because THE POWER WAS NOW OFF.Luckily i had put a coded door knob on the kitchen door that opens to the deck-- i gave them the code and they were inside instantly.The water heater was STILL SPEWING WATER full blast in a stream so strong it was hitting the second story ceiling and hitting the ELECTRICAL PANEL also located in the garage and that's what had knocked out the power .The plumbers immediately turned off the inside water main cutoffand sent me photos of the EMERGENCY SITUATION the pm so calmly let me know about by email an hour earlier.i fired the pm co that instant and got on the phone to start farm (my rental policy ins co) whiledriving an hour to the property.i also called the city's best WATER EMERGENCY REMEDIATION COMpany while en route.When i got there, the water was turned off ( finally)the drywall ceiling had fallen in, the light fixtures destroyed, the garage door open case was HALF FULL OF WATER and there were 1000s of mold blooms on every surface and hundreds of stacks of spiky growing black mold (looked like iron fiilings we used to play with in that game we all had as kids where u use a magnet and drag the iron filings around to put hair and a mustache on the bald guy cartoon photo) the mold spikes were 1.5" tall on the woot railings and stairs going into the house, on all of my beautiful built in wooden garage shelves--- what a mess-- like the streets of Beirut after the bombs went offand I don't have allergies -- but i could not even STAND inside the garage because the WET MOLD MILDEW SMELL was so strong it instantly gagged me and gave me a headache and i couldn't breathe.So here Ewe are on Jan 17 and now i know that the BEST rental dwelling policy dies NOT COVER MOLD REMEDIATION AT ALL ( so far $14,000) but it does cover water damage with a $2500 deductible...

***Please note any posts offering agent services will be removed.

New flooring, paint, updating countertops, removing popcorn ceiling, upgrading appliances, updating bathroom, etc... 

Sadly, a third person, with the best of intentions, hooked up an extension cord to a hair dryer to melt the ice sickles caused by damming.

Or, you can ask them to move/evict and try to minimize damages by removing the cause.

The only reason I could see paying more to principal is if you didn't have 20% down and you were trying to get to a point where they would remove PMI from your payment, thereby improving your monthly cash flows.  

Similar to landscaping, snow removal, trash pickup, small maintenance and many other 'job' service providers.