It is also good to have some reserves (what happens if a hot water tank or furnace breaks down the day after closing).

There are signs of foundation issues like water leakage in the past, cracks, repairs done on crack, doors not aligning and locking, small step like crack on the front of the house brick wall (picture attached) however inspection confirmed no foundation issues, so thinking of getting professional to look into foundation.

There are signs of foundation issues like water leakage in the past, cracks, repairs done on crack, doors not aligning and locking, small step like crack on the front of the house brick wall (picture attached) however inspection confirmed no foundation issues, so thinking of getting professional to look into foundation.

@Orlando Goodon seems to me you have your ducks in a row and reserves set aside.

I have a set percentage I am taking our of rent for reserves: CAPX, Maintenance, Vacancy; etc..

This happens to be quite close to Samsung's recently confirmed plant in Taylor.  

Leverage a realtor ahead of time with the scope of work from the contractor to confirm what they would list it at and where they expect it to close.I would 100% restructure that payment cycle with the contractor.

Here in friendly Illinois, we have to wait at least 30 days for the judge to confirm the foreclosure sale, but we have to pay the full amount of our bids within 24 hrs of the auction.

Confirm everything with unrelated outside sources. 

Then after weeks of no return calls to the brokers or lawyers, they come back stating that they have reservations about the properties not being maintained (which of course is false) and that there is a leak on the property (that was fixed, they inspected) that they still don't believe was the cause of the water leak....even though the plumber told them so and showed the videos.