Now, my questions are- Do I need to prepare anything for this?

Be prepared when your buyers start calling you to answer their questions.

I knew about rent loss rehab before starting and prepared for it as an expense.

after a lot of issues, finally we get to the point that we need a final inspection.My question is what do I need to prepare?

It may not work out for absolutely no logical reason and you have to be prepared to accept that and move on.

There is also probably no one that is as diversified or prepared for what ever might come then I am.

They should be able to prepare the AITD (all inclusive trust deed) and note for this deal as well as get copies of the condo CC&Rs.

Are you moving or are you prepared to be an absentee landlord?

It turns out HE is suing the Developer and RE Agent.I assume he is suing because of the $50,000 in termite damage that he found on the second floor of the property a year after he purchased it.The deal is just too big for me, it has problems I am not prepared to take on (estimate $85K in Repairs could turn into $160,000).Appreciate all the support I have gotten from you guys.Alice Crane

Point 3, you would think the smart banks who have been down the REO road before would have already put plans in place months ago to be prepared for this.