However, unless you are planning on gutting the property anyway, or have enough $$ to cover whatever unknowns exist, it is a risky move to waive your rights to an inspection.I suppose you could still move forward without the contingency, but conduct an inspection knowing that if anything is revealed to be beyond what you are willing to take on, you feel ok walking away without your earnest money. 

Again, aside from my condo, I am fresh into the world of real estate investing.Regards,Kyle

Replace all old detectors or at least put a fresh battery in.

Maybe some owners are looking to sell.http://www.wave3.com/2018/09/18/audit-reveals-problems-section-housing-louisville/

Clicking the image anywhere on that page does nothing and following the FAQ link suggests that hovering over the image reveals a link to edit it, but alas, for me, it does not.I've tried these methods on both the Dashboard page and the Profile page with no success.

Just keep shopping.One additional thought to what Jeff said about the leverage a selling broker has over a 1031 buyer - There is no requirement to reveal the 1031 when going into contract. 

@Brian Stennett Sr adding square footage, adding a second bath, kitchen reno, bath reno, fresh paint.

I want goats and chickens that will provide fresh eggs, meat and milk.

I would issue a notice of termination (in accordance with your local L/T laws) the day after the closing and start fresh with your own screened tenant.Otherwise, you're setting yourself up to be very frustrated, I'm afraid.

I mean I am turnkey I was the number 24 new home builder out of the top 30 in the Portland market.. and all of are product are TURNkey I suspect  they are brand new homes.. just like the buys I fund here in the PDX metro area they are flippers.. they just NEVER sell to investors its all home owners.. and homeowners want fresh new modern rehab.. so investors same thing they want fresh new rehabbed rentals.. and if you can bring the management component that helps them.. but I bet Memphis has their share of flippers that sell to home owners.. they are turn key in a sense..