Now you have to find out about the amount of work that's needed to bring the house up to code aka rent ready status - the cost of repairs, is there structural damage, is it a complete gutted from basement to ceiling and if so how much will it cost and how long will it take?

While a walk through may identify a variety of things, a true home inspection is not that expensive compared to the purchase price and may identify issues that can either save you money (in the form of concessions) or reveal issues that may kill the deal entirely.Restoration deals (i.e. mold, fire damage, etc.) can be very profitable, but you need the right team.

hahI read this article today (January home sales give rise to correction concerns) discussing market correction in the near future for Toronto and Vancouver, given that now even the condo market is seeing double digit growth month after month, without a shortage of supply unlike in home prices.My question is: Is there a way to estimate or calculate the ripple effect of that correction to the surrounding markets?

Sued for specific performance or damages.

@Ayodeji Kuponiyi do you find that you are able to effectively apply your plan in Philly?  

Talk about Stress and seeing people ruined.. as a lender we have to bring out the bat and go after our money and collateral.. the damage was the LA based investors.. but who saw this coming I had done 1600 plus of these successfully. 

She states "there is a clause that can be in effect that helps with the potential nightmare this could be, however I have never reviewed one".I've read otherwise; where the tenant can be reported to their social worker which then makes them responsible for handling these repairs themselves.Can anyone point me in the right direction to get the correct verbage to make this the tenant's responsibility?  

I have very little money to get started and want to figure out the most cost effective way to get things rolling.

We had some hail damage on the rental from that storm that came through a few weeks ago, need to see how that pans out.

You won't take the effective actions necessary to get it unless you know exactly why you want it.