This means she had direct knowledge of the presence of lead paint and failed to disclose it.  

I understand the core concept between getting your main property, and then 3-5 comps you adjust to reflect the apples to apples number, but what I'm failing to grasp is the why you adjust other properties to your focus property, and not the other way around?

Where I failed was not obtaining more bids on the work to get a better idea of cost range.  

For example, if the law or judicial precedent in your state puts an obligation on landlords to disclose the felon's status to all the other tenants and if the current owner didn't do it and you fail to do so upon taking over you likely have substantial liability.  

Renting isn't a problem around here by the way, made it sound like a building would fail but I've never had trouble and neither has my mom or aunt.

Like others have said, if the banker did not explain to you as to why FHA is the only option then they failed at their job.

The map found on the link below shows where rents are rising and failing the fastest in the USA. 

Where rents are risingThis map shows where rents are rising (and failing) in the USA

I would say the 3 failed floor joists usually doesn't manifest itself in the exterior walls.

Fear of failing has held me back for too long :-|BP looks like the best place to kick this off!