Was the inspection as terrible as I’m imaging?

. * Don't allow financing or a finance contingency (it can be a good indication they are selling above market value)* Don't allow for your own independent property inspection* Are not realistic with their pro forma's (i.e. they don't include vacancy or maintenance projections or use      unrealistically low vacancy factors)* Require you to pay for any renovation upfront* Sell only in cheap. low end neighborhoods* Don't accurately represent the neighborhood/property classification* Don't have consistent rehab standards for all properties* Don't provide a scope of work for the property* Can't provide references of repeat investors* Require you to close before a tenant is in place

I have paid them most of the money because they billed me each month and every month they would say we're almost done, we have inspection scheduled and an interested tenant.

I see out of state people make a few mistakes in their approach like not using attorneys to represent them in the purchase or downplaying issues that come up on inspections up front.  

Even though I canceled the contract due to inspection findings, it was a good lesson. 

Our further visual inspections after offer acceptance revealed repair costs that are significantly higher than initially anticipated when the offer was submitted. 

During the inspection, a crack was discovered outside the building but no crack inside.

I'm near the end of finishing my first real estate deal but the termite inspection came out positive.

I'd calculate management at 15-18% as there are likely going to be a lot more fees to the PM than the base 10% such as leas-up fees (typically 1 month rent), lease renewal fees ($100-1/2 months rent), inspections, maintenance calls, eviction fees, etc.

Now the inspection has come back.