The contractor/builder put the foundation in incorrectly (to MD standards and not DE, per the blueprints) and had to redo parts.

Based on gross income (actual rent), vacancy is already factored in, correct?

You are incorrect about this.

Inaccurate ARV, inaccurate repair estimates, incorrect contracts (you are in TX you should be using the TREC), wholesaling properties off the MLS, inability to put up reasonable earnest money.

Best, and most commonly resolved (negotiated) in an Inspection Resolution process that seeks to amend the default as-is purchase agreement (contract), it is incorrect to conflate the two, as was alluded to in the article's conclusion.

@Art Maydan Because you made sweeping and incorrect generalizations on a forum that is still active and I am just now seeing them?  

Partly correct, partly incorrect.

Sorry @Josh Thomas, I don't agree with you on this, if it's your IRA then you should be the manager of the LLC (you keep saying managing member, this is incorrect, you can't be the member regardless managing or not).

Personally, that's not the type of investor I want to be known for & I like to be able to sleep at night.Many agents do not ask for report because of this- incorrect reporting by bad inspector & ignorance is bliss.

A lot of our assumptions are incorrect.