What you buy would have to pass as a livable with all inspection failures fixed before closing.

However, I want to make sure I am protected and he is as well.My questions to you all is I’m thinking on not only getting a home inspection, but I’d like to take the contract that we sign and run it past my lawyer as well, which I plan to do until I feel I I am more comfortable with that piece of the real estate game.

We do yearly inspections on the property before we will allow a tenant to renew the lease to make sure there aren't any large ticket repairs that would cause the value of the property to drop.

Ok next question is related to inspections.

The bank will then do inspections of construction and issue draws of the construction once it is complete.

Most of them do not flip these properties because after paying down payment, closing costs, attorney fee, appraisal/inspection, holding costs, agent commissions, and transfer taxes, most of these deals don't make financial sense unless they hold onto the property for at least 5-10 years.That being said, most of them have done this to house-hack or use the BRRRR Strategy. 

Rose, usually a longer time line as a middleman, going back and forth to the client, making sure the agent gets paid (negotiating), might have clients that arent used to buying from a wholesaler (hard earnest money, no inspection, etc)Hope that helps!

I can offer you a cash offer with a 45 business day inspection period.

@Paul ZhangAre you talking about a unit you own, and you’re doing a routine inspection, like I do, every 6 months?

I wanted to hear some advice with dealing with the city and why your house didnt pass inspection on the first try and if it did pass what checklist or process do you follow to make sure it passes everytime without hassle.Located in Lansing, MI.