I'm a wholesaler in the area, finding discount properties for buyers like yourself.  

You can make the value of just about anything that produces cash flow go up to nearly infinity if you assume a low enough discount rate ...

Tub was cracked due to not being supported. 2) No access panel required by code for the pump, the pump was in the rear of the tub buried under the tub deck. 3) No thermostatic anti-scaled mixing valve required by code for the roman tub filler 4) No dedicated circuit for the pump required by the manufacturer, the electrical for the tub was piggy backed on the vanity lights 5) no GFCI protection on the tub as required by code  6) no grounding of the tub motor as required by code 7) ABS drain glued to PVC drain pipe with ABS glue 8) the tub valve connections  uried with no access were IPS threaded stainless steel flexible water lines instead of hard sweated copper connections, (lost count on all the shark bites they used, they must buy them in bulk) 9) all the tile was tiled directly on the plywood of the tub deck, no underlayment to prevent the tile from being popped and the grout cracking from moisture getting to the plywood...the list goes on and on.. oh and the tub filler valve was located on the back side of the tub, not a code violation but certainly not user friendly for somebody to have to climb basically into the tub or over it to turn the water on, but that's minor in the scope of all the code violations and poor workmanship, that's just poor design. 

The reason why I haven't gone through with it is because I have been afraid of incurring any liens or code violations.  

A newer agent will probably have more time (and enthusiasm) for a newer investor, so don't discount them if they otherwise seem competent.  

When you sell the flip, you'll sell it through me at a pre-discounted commission.

Nice to know some lenders might do the same thing.Those 1-2 points, are they discount points or origination?  

If not possible, talk to anyone who would know the condition - former listing agents, city workers who might have gone through for code compliance, or anyone else you can think of.3.

Some counties publish evictions, probates, code violations, taxes, pre-foreclosures, etc online.

It has an old furnace in the dirt floor basement, the status going down are not up to code, and the doorways between rooms are to narrow to be code.