I've saved clients tens of thousands of dollars in what they would've had to pay in remediation by performing an inspection prior to their contingency period ending. 

Same could be the case with this situation you have here.I would say that you can ask for the issue to be fixed, prior to closing is better so you can reinspect.

Way to go on the prior purchase. 

My pleasure @Tyler Divine...1) Essentially same advice as posted about in your lumber purchasing post... detail the scope of work, specify fixtures or state the allowance for them, and review all bids to ensure apples to apples.2) Funny you should ask about poor soils, as I was recently consulted by a builder on this very topic as they didn't perform soil tests prior to acquisition and excavation and spent upwards of $70K on the fix!

From my understanding, when I start my business, I should be able to write off some of the expenses incurred while doing business prior to legal startup.

It's hard to get a cash-on-cash estimate because I put very little down prior to living in the house for 3 years.

You can go the insurance route, but you are not personally protected if the liability exceeds your policy coverage.

All assets were disposed between grandpa and second wife prior to open of probate one month after death.

Thanks, he says it's the bank requiring the insurance, not him and after doing a little research I saw a story about banks taking advantage selling this policy.

I plan to use list providers to create my lists and one I am working on is homes that are in pre-foreclosure or foreclosure prior to auction.