For example, you might find that the $900,000 the seller needs is just to cover his mortgage so he can cut the properties loose and move to retirement.

@Chris Carson I believe 06, 08, 09 for investors is to fix those properties up so it can get approve for section 8 vouchers only and if they do damage your place they can jeopardize loosing their voucher.

We are bound to what we agree to withhold or refund on that document.   

The seller has a bound insurance policy.

If it means you loose 1/2 of the amount that was not performed, but you get the rest, do your numbers make sense to move forward if this is the case?

With the central CA trade, sure you're bound to get more initial cash flow.

(https://www.biggerpockets.com/forums/88/topics/485...)Here is some helpful link from BP that might help you, but personally I would talk to a lawyer/Attorney to make any final decision(s) that way you do things right and you don't loose money....https://www.biggerpockets.com/renewsblog/2015/09/2...https://www.biggerpockets.com/renewsblog/1031-exch...https://www.biggerpockets.com/renewsblog/2015/12/1...

He is legally bound to send you a factual, written report.

Impossible to say for sure without seeing a picture but most likely there was a loose connection at the screw terminal where the supply wires attach to the breaker. 

Otherwise, you will end up loosing your property to the tenant.