After inspections and appraisal come back satisfactory make a new listing for the property. 2.

You also will want to stick to on market properties at first because the purchase process and evaluation process (namely title and inspections) will be more defined.

Next, plan on inspecting your properties every 90 days; you can communicate this to the tenant as you ensuring the property is in good order and to help you plan for repairs/future improvements. 

In my mind if you have these issues if I was the seller I would let  you cancel and get your EM back  not your inspections and other things but EM yes.

This way they can't claim ignorance.I would also require a move out inspection and make it the day after they are supposed to be moved out. 

We need to close in 1 week and worst case I may need to buy all cash and refi to a different lender losing my property inspection fee the lender charged.Is this a townhouse or condo?

The problem is that you don't get an opportunity to do an inspection before you buy.If you buy pre-sale from the owner, you have arrears to bring current, getting the owner to move after you have solved their problem and taken the pressure off, along with the previously listed concerns.

I had a plumber inspect the furnace a couple of months ago and said it was in good shape.

You will never know the right number until you have a chance to inspect and get contractor bids, which will typically happen after an offer is accepted. 

Upon inspection, the pest control company found holes in the walls under the kitchen and bathroom sinks.