Inspections

[Jared Caplinger]

I'm a newbie investor in the Midwest with a little experience in both land lording and rehab repair work. I've completed two rehab to rent projects and done 90% of the work myself, so I do have a decent understanding of what I'm looking at when I "inspect" a prospective purchase. That being said , I'm very open to learning all that I can about this business. 

My question is: what is the value of obtaining an official inspection? What will I get for spending $300-$400? Where will they look that I might overlook?

Thanks for any input you can share!

Jared