I think it is refer to as the (inspection period) 1.

This includes hiring an inspector to check for structural problems, arranging for a pest inspection, and getting a professional appraisal to ensure the property's value matches the bank's asking price.

You need to personally physically inspect— never take anyone’s word about anything.

And attend the appraisal inspection yourself.

.- Inspect every apartment and develop a scope of work.- Evaluate all major systems (mechanical, electrical, roof, plumbing, foundation, etc).

I would recommend sending out a roofer who can inspect your homes for free.

Contingencies: Use contingencies to protect yourself or the buyer, like financing, appraisal, or inspection contingencies.4.

Consider having a mold inspection done and include the report in your listing documents to remove doubt for future buyers

And if so, what are the benefits of section 8 if the only guarantee is the direct deposit and yearly inspection?

FHA has the appraiser check inspect the house for health/safety and to make sure there is good life on the roof and systems. 2.