They don't know whether the subject property or comps have knob & tube wiring, popcorn ceilings, cedar post supports, ancient plumbing, rust inside the electrical panel, floors that are out of level, foundation defects, termite damage, a failing septic system, well water that smells like rotten eggs or any of a thousand things that could drastically change the home's value and most of which are impossible to pick up from listing photos or tax records.They also don't know neighborhoods. 

@Kyle KnutsonArmstrong Plumbing and heating.

Surprises are not "hey we can't pay rent till the 10th this month", it's oh shoot the plumbing is bad in bathroom #2, that's a $4K fix. 

Looking to keep the first one too cosmetic, trying to stay away from major electrical, plumbing on the first one.

Already the seller is willing to drop the price by 20k for plumbing and electrical repairs.My question is how should I structure the deal so as both parties are mutually happy and mutually protected from variables etc.

I know asbestos, lead paint, electrical, and plumbing should all be checked out.

If so, were permits pulled & were they installed by a professional5.Are any of the homes rented to students6.Is there a flat roof7.are there asbestos shinglesThe Year that the following were updated (either partially or fully) would be good to know:- Heating systems- Roof- Plumbing- electricalSome companies will not write properties with systems that have not been updated.If the property is solely tenant occupied you will be looking for a Dwelling/Fire Policy (may be called a Landord policy or similar name) or a commercial policy such as a Businessowners or Package polciy.Most dwelliing/fire policies include or you can add:1.

I have a dueplex near PLU and am needing a good plumber contact for a estimate on some plumbing issues.Anything would be greatly appreciated!

I’m a first time buyer and wondering if the 1% rule is a good number just for starting out.My current private seller is offering $190k for a newly renovated home, all new appliances, heat pump, wiring, plumbing, and it has an ensuite in the basement but we have yet to negotiate that number further.The top unit pulls $1100 a month but she says it could be pushed to $1500 a month because it’s a 3 bedroom.Bottom unit pulls $600 and is basically a studio.

Inspection has identified all 20 things to be fixed (Wood Rot, Electrical fixture, Plumbing issues, Balconies Railling).