Not a lawyer... become best friends with your local building inspector...

Call a City building inspector.

The inspector for the first buyers found that thru the electrical box and rafters and they backed out.

Clearing the air:Home inspectors are not out to kill your deal.

The cost to rehab: Hire an inspector for $500 who will go through the entire property and uncover any issues with the unit.

The inspector did not note that is an item for concern. 

I waived the home warranty as negotiation tactic because since home inspector went thru house and did not find anything that would suggest there would be problems with covered items on the home warranty.Home warranty does not cover pre-existing conditions, but makes exception for real estate transaction, if1) malfunction was not know to seller's agent, buyer's agent and home inspector.2) malfunction cannot be detect thru visual inspection or simple mechanical test.so here is my malfunction that ended up costing me $1300.the shut-off valve to the kitchen faucet made a grinding noise and started leaking when i was turning off the supply to the kitchen faucet. this is day 1 in the house. i also had toilet tank spurt out water from the side, whenever i flush the toilet, indicated a seal issue--again day 1. not sure how the inspector wasn't able to catch this.because i live out of state and had to go back to work on day 3, i had somebody come out to replace a total of 7 shut-off valve to plumbing fixtures, 1 main line valve, and 1 water heater valve due to corrosions on the these valve parts for 1300would home warranty have covered these replacement or would they try to wiggle out of paying for them saying the corrosion was visually present, and when not present, the leakage would have been detected had somebody trying turning off and on the shutoff valves or flushed the toilet?

I can't imagine any building, let alone one built in 1926 (mine) to not have an inspector salivating at all the code violations.How old was your property @K Khanna?

We were told that the rental certificate had been renewed over the summer and we were good for 3 years.Yesterday, I got a call from a city inspector informing us that the property is in violation as being occupied and having an expired rental certificate with no action taken on deficiencies.He further explained that the certificate had expired in June, and the inspection did not take place until Sept 26 due to scheduling issues.

I always meet the person and then decide and always say put down your animal on the application and the person that will go through the application I will just let them know (which is me)I had a tenants dog bite the city inspector one year.