Other examples include a cracked window, wobbly handrail, uneven walkway, roof with < 5 years of life left, hot water vent/relief pipe not 18" from the floor - the list goes on and on.For conventional lending, they want to be sure all major systems are functional. 

I expect this is a function of building and material costs.

You can find properties in any declining market at a discount...but the question you can never truly answer with 100% accuracy is the value of the property after it has been stabilized...in order to buy at discount, you'll be looking at properties that need work...or that have some functional obsolescence...you have to create value by improving the condition.This is a more philosophical discussion, but you can buy anything at a discount from asking if your offer is accepted.

Basically is there a tool that has the same functionality as PropStream for example here in Canada?

Pre-foreclosures are not a real entity, it's a Zillow (and other) classification to indicate that a lis pendens was filed on the property, but they are often never removed once they are cleaned up.

Unfortunately getting outbid by other Buyers is a function of this Sellers Market. 

It's 2 older guys - they can be tough to schedule with if they're really busy on other jobs but they did good work for me.So do you have no off street parking at your place currently with the garage non-functional?

You will find they are using a certain Website Developer, SEO manager, functionalities within there website, etc.

This will cause your occupancy and revenue to fall.Functional ObsolescenceFunctional obsolescence is defined as "the impairment of functional capacity of a property according to market tastes and standards".

Sometimes we are able to replace the hydraulic closer, other times we have to replace glass or the entire door.I would charge them for it unless they can prove the door latch was non-functional.