I’ve heard of nightmares when it comes to homes not being property inspected. 

The inspection came back pretty rough and basically it all the major components need work.

There is a reason you have an inspection period/ due diligence period it's to figure all these things out.

I have done a thorough walkthrough and had a home inspection.

Just had an inspection done yesterday and nothing major came out of it that would need immediate action other than closing some loose hanging wires and other minor things.So this is the biggest research and work we've done.

Always have an inspection period in the contract.

(Reason why I let him stay at the mortgage rent price was cause he fixed all issues that came back after the inspection, around $6k in expenses & sold me it at the price we first agreed on)

You may be able to find good paying work with a painting crew, landscaper, builder, solar installer, apprentice as an electrician or plumber, handyman, home inspection company, etc.

After inspections there were about 5k in repairs that needed to be made.

Long lease terms always protect the tenant more than the landlord.Do regular inspections and evaluate come lease renewal.