I mean, quite frankly it just depends on the terms and wording used within the note, so long as it is a single family home.

BP,I looked at a great duplex in Columbus, OH today that is currently vacant...the last tenant had to be evicted and when he moved out, he trashed the place and wrote the words "Bed Bugs" on every single wall in the whole place.

In other words if it would sell for 200K (net after all expenses) or produce (net) rental income of 1000 a month, the rental income would only come out ahead after 200 months (16.67 yrs.).As to a small loan ($30,000?)

That means higher interest rates and lower LTV - in other words, a less favorable loan to the borrower.Now, as to the original question.

In other words, if they screw up, you are still on the hook.

In a word, I don't know why people are often willing to pay what they do.

Regardless, it's interesting to me.I feel like the key word is professional.

In this particular deal though as is the case with so many hands in the pot - I couldn't get word across to the seller (through the web of realtors) that he needed to have a separate company do the testing before and after, otherwise how do we know the mold is actually remedied?

LOL Thanks for the kind words all.

@William Alvarez welcome to BP.Two words ---------- USE LEVERAGE.