I've never heard of anyone requiring this, so it seems strange to me.You hate to think the worst of someone, but since they just bought the place, I can imagine they have a home inspection report full of little things that need fixing, and I worry that they're trying to pass the cost on to me.

Only issue was that the town couldn't inspect footings and made them hire engineers to stamp on the structure and say it was safe.

So, that's materials, project management cost, caring cost, permits, taxes, insurance, architecture, utility hookups, inspections, delays etc.

I had to waive the inspection repairs.

@Matthew RembishWhy are you giving up - just b/c the property is under contract the deals not dead.As a hungry investor and what looks like a good opportunity here’s what I’m doing1) submit a backup offer - let agent know if they ask for a penny on inspection call you back2) something tells me if this was that good of an opportunity $5,000 wasn’t make or break.

I scheduled an inspection for today, Wednesday.

I do have a small handheld inspection camera and am ready to drill some small holes in the cavity and look around.Shoot me some ideas!

Do you have the EM, inspection and appraisal costs, closing costs and down payment for both?  

If it comes back bad, we'll likely cut our loss and walk from this.My question is around the lead based paint inspection contingency. 

The team leader knows what they are doing and you'll have the ability to work open houses, help out on active transactions, be present at inspections etc.