Most people who are new to renovating make their biggest and most expensive mistakes in choosing the wrong people to do the work and not knowing how to supervise them properly, and being ignorant on how to manage a budget.  

I did not bother going after the property management office, but if your infestation is not treated properly your new tenants may go after you.

Yeah, so I found a much more intelligent escrow officer that walked me through how to do this legally and even sent me the proper forms, HECK YEAH BOY!  

IE you could put a ball down on the back door and it would roll right out the front door.. so imagine as a lender you get a house back half finished and all goofed up LOL.these are the realties when lending on new construction. not to mention your GC does not pay subs etc etc.It very serious in Orygun were a properly filed materialman lien is a super lien IE jumps in front of the construction loan... ask me how I know :(out our way we have banks that will do loans for owner occ ... but your not going ot get into them with a low down profile.. need substantial equity and a builder the bank approves.

The Tenant/Buyer shall have the right to make such repairs, maintenance, and improvements as Tenant/Buyer shall deem necessary proper or desirable.

Your operating expenses are exactly that: those expenses that occur as a function of operating the property.

Once you understand this, the type of property / location will naturally fall-out.At that point, the only thing left to do is make sure you are analyzing the deal properly. 

@Shanequa J.Chris Mason  Even if its deemed a breach the damage is done... and you would spend a ton of dough getting this in front of a trier of fact.IN our Oregon standard forms any disputes must go to meditation.. so maybe that's the next step but you will still spend about 5k on mediation.you can also make a claim against the against E and O  that would be a proper step as well. and if he works for a brokerage I would be all over the supervising broker.

Broken and non-functioning various small things.  

Whether a property is sold on market (MLS) or off market is typically a function of liquidity in the market.