I recently retired from my occupation due to health issues and would like to get started in real estate investing.  

Some of these cannot pass an inspection in their current state, so they sell "off" market to cash buyers hence they're discounted..it's a quicker cheaper transaction...but more issues, more risk, more $$ to fix up & take longer to get ready for occupant or sell to an end buyer.

And here's why:Key Takeaways:1) The market is following the original year-over-year appreciation trendline from 2014 upwards, indicating sustained growth and stability.2) Supply issues in Reno's housing market are once again in focus, emphasizing the need for strategic solutions to address housing shortages.3) Exciting developments, like Tesla's massive expansion to manufacture electric semi-trucks in Northern Nevada, will further strain housing availability, signaling continued demand.4) With increased home prices, we anticipate a ripple effect on rental markets in both single-family and multifamily sectors, driving up rents due to housing unaffordability.For California investors in San Francisco, Oakland, San Jose, Sacramento the proximity of Reno and stability of investments are attractive. 

If it comes back that there is no issue then the cost will be coming out of your security deposit.

I am not going to charge them for labor to replace the cabinets.How do NYC landlord/tenant laws deal with this issue?

A master policy may be issued and the group members pay to be part of the policy.3.

Has anyone seen any issues like this?

Of course consult appropriate legal and tax advice, but generally speaking many investors start with buying a few before going down the rabbit hole of LLCs.

@Benjamin Greiner just commented on another post about a tenant threatening to sue over mold issues - that tenant neglect caused.We told the landlord their lease should have had provisions in it to hold the tenant accountable for the damages.Standard leases only cover the basics, so you should Google all the leases you can for ideas to take to an attorney to include.

No foundation issues, etc. but the inspection report did indicate the need to fully replace the HVAC system and all ductwork (we agree due to us flipping this property and needing to pass resale/buyers inspection).