I was planning on crashing on a friend's couch for the couple days before closing and then living in the new property for the remaining time.

"I involved the village and they sent out an inspector to investigate but the tenant never let the inspector in"This is confusing and would lead one to suspect that the "bedbug" claim is simply a ruse; perhaps the tenant has found cheaper housing and has used this months rent as a deposit for their new place.If they were that concerned about bedbugs why would they wish to remain in the rental until the end of April?

I inform the buyer that regardless of the inspection results the purchase price will remain unchanged.

I suppose there is a minimal possibility that the certificates will remain outstanding long enough for me to foreclose the properties but that is so remote that I am not counting on that in any way. 

In an A community the land value is high enough that if the subject property were to burn down, it would make sense to rebuild a bigger and better property.In a B community the land value should be substantial enough to rebuild the same property, in square footage and included features.In a C community the land does not support rebuilding, and the lot will remain vacant for years to come.

The house was purchased for $115k in 2013, but the fair market value today is 80k with a balance of 95k remaining on the mortgage.

Then my partner and I split the remaining 63% equally, meaning he would have a 31.5% equity position and I would have a 68.5% equity position in the property?

If a new one cost $1,000 and had a life expectancy of 15 years, then I would divide $1,000 by 15 and charge them for the remaining year of life expectancy.To make a long story short, my recommendation would be to charge the tenant for the trip charge required for the plumber to come out and evaluate the water heater.

In short, it remains to be seen if the rising growth rate will actually become a long term trend.

Ask for a reserve study from the HOA to see the expected remaining life of some of the larger cap ex items, such as roof, parking lots, central heating/cooling systems, or hot water heater systems if applicable to that complex.