Dave, the rents are indeed month to month so this could explain, and yes, I will need to see every single corner of the house and intend to do so... my question was if there is a possible clause that can be put in the offer to ensure it or if I just should not put any formal offer in writting unless I have seen everything.. 

Others simply want to ensure that there is enough equity in the property to protect themselves if a deal goes bad.

Here in the north, that means higher solar gain on south / southwestern exposures to capture heat from the winter sun (you need to ensure the window is shaded during the summer months to avoid over heating) and more thermal glazings on northern and eastern exposures.

Hi @Bobby Barlow in my opinion this property appears to be something worth fully doing the numbers on if you were ready to invest; however there are expenses that the seller didn't provide an estimate for in which you would need to ensure you include when doing your numbers (and it doesn't appear that the $500 for taxes and insurance includes these expenses) those expenses are repairs and maintenance (and I'm referring to maintenance issues that will occur while holding the property and not the $15K for the foundation, the foundation issue should be part of the reason the seller is willing to accept less than what he thinks it's worth) management, and reserves for replacement.

The best way to ensure correct filing is to have accurate bookkeeping and records.

Be there to ensure it doesn't go too cheaply.   

We all have "Mail stories".I would suggest getting a list from a provider that uses NCOA - This will ensure the highest rate of delivery. 

I assume you are in favor of the government using its power to ensure that large companies don't achieve monopolies and then use their status to gouge consumers and keep competitors out of the marketplace...that's straight out of Keynesian economics.

There is a consultant/inspector hired by the bank to monitor the project along the way to ensure everything is up to snuff. 

Could possibly pay them on sale of finished property if you know them and they are on time with reno's in the past. 4) Buy with your money and renovate with your money and hold for 1 years to ensure tax burden is better and rent out in the meantime after you reno.