Wherever you invest make sure it has diversity and a growing population.Where you might be making repairs talk to building officials (like inspector) or the Chamber of Commerce to get a feel of what they look for and how does the future look in your area.Your business has taught you some of what you will done.  

I went through the typical process, hired an inspector, attorney, had appraisal done etc.  

I went through the typical process, hired an inspector, attorney, had appraisal done etc.

The HUD inspector says there is a minor plumbing leak behind the walls.

The bottom side of the rug is smooth sealed plasticy feeling material - not sure how to describe it.I talked to my uncle who is a home inspector and has inspected the property in the past and he said that what most likely happened was the slab, which is largely made up of water, sweat and the rug sat on top of the carpet and trapped moisture between the slab and the rug b/c the carpet could not breathe.

So you have to get an inspector in there right away and then take time to review the inspection report (usually about 1-2 days to get report).

Does anyone have a good inspector they can recommend?

Loans, agents, inspectors, contingencies, access, lawyers and disrespect for a sellers, kill deals.

2) What changed between when you had your inspector look at it (assuming you agreed with his findings at that price)?

And I also am not looking to get into a deal if those major expenses like a roof, or piping, or what have you is about to go bad and I'll have an inspector to let tell me that.