Hi Lance,If the contingency was passing a termite inspection, buyer sent an inspector and buyer failed to receive a pass from him.Seems like the property did not pass inspection.

WY incorporation laws and incorporation anonymity protect all assets you own through a WY that you have setup to be anonymous because there is no record of you owning the entity.If your individual state RE holding entity is being sued then typically the buck ends at whatever that entity owns but there are cases when even that protection fails (most commonly in CA because they suck) which is why it’s good to put a limit on how much is owned by any entity before it passes through an anonymous WY entity (especially when doing business in states with anti-business incorporation laws).A lot of people have already said “Consult with an attorney” and while I agree, many attorneys still have no clue about some of the stuff I just talked about so when shopping for an attorney in your area, ask them how much they know about asset protection and that sort of thing.

(Dual run caps seem to fail here.) and 2 old water cooled Freus units had to be replaced.  

In another instance, they failed to relay a mail from ex-tenant and it costed us around 10k.I hope this gives you guys a sense of who and what we’re dealing with. 

Many others have failed. 

I've heard from some more open minded lenders it's not an issue unless you fail to make a payment when not living there if I was to move out.. 

Applicants either pass or fail screening, end of story.

My tenant failed the first annual because of clutter and unvacuumed carpet, with a follow up inspection after 7 days. 

Most new Realtors fail within two years, something like 85% or 90% depending on who you ask.

@Brandon Sturgill thank you, I failed to mention this is an older building, built in the early 1900s