It would be worth your while to go into the office and explain what you see and ask how they would review it.As for the furnace, you should definitely build that into your price.  

As she explained it, if you go to an attorney wanting to file a lawsuit against someone, the first thing your attorney will do is contact the defendant's attorney and find out if the defendant has sufficient assets to make it worthwhile and how hard it will be to get at those assets.

Also most of us learned some interesting things about how Korean real estate is different than what we are used to dealing with Thanks to @Jacob Michaels and his wife Victoria with helping to explain the differences.Interesting facts about Korean Real Estate (mentioned by different people in the group)* Insurance is not a major concern for investors in Korea* When signing a housing contract, a tenant or owner can add in stipulations re: who's responsible for paying for what* Only 20,000 Licensed Hotel Rooms in Seoul - Indicates a shortage of rooms* Korean real estate prices seem to be at 7-8 year cyclical low* After earnest money has been placed by the buyer(at least 10%), an owner must repay 2x's the earnest money if he wants to back out of the deal We will be planning another meetup for early December.  

Most here can't define real property and why it is valuable or explain why RE is unique and different fro other investments, The basis for valuations, nor have I seen much on the three valuation techniques of property and why one is given more weight than another.

I found a couple that said 5 wouldn't be a problem and one that said I sounded agitated and asked why.He explained the last I have done recently was for my own home and the since things have tightened up he would need to have everything (I always do full doc anyway) and sometimes they ask for crazy things to put in the file to cover their butt and it is just the new norm. 

I explain the pros and cons of it, and I'd say about 9.9times out of 10 they say no. 

Ok tks for explaining 

They should be able to explain it all, let them know youre concerned about the costs.  1 - 2% origination fee is about normal, try and find a lender that will only charge 1% origination.  

When I called the assessors office, they women thought this question was unusual and said that my agent should be doing a title search in order to collect this type of property information.I called my agent back, explained things and he then said he would do a title search. 

Know and be able to explain the risk.