I always thought this was perfectly fine until I came across a realtor a few months ago who balked at asking for a reduction in the purchase price based on something that came up in the inspection report (a safety issue; I let many other items pass which were less serious or which I felt were accounted for in the original, agreed-upon price).

To accomplish this you have to demonstrate that you know what you are doing, the purchase is at an excellent price, and you realistically forecast a profit including a margin of safety.

You will have to maintain the structure, mechanical system which includes plumbing heating and safety issues like leaking or rotting roof.

Did you purchase it in an arm's length transaction from a third party you didn't know?

Interesting idea and once I am armed with a little more education, I may hit you up for some Q&A.  

Armed with $20,000, youthful ambition, and (I quote my grandmother here) a good head on my shoulders.

Investors can make it without credit, without money - armed only with creative formulas will elevate you to wealth without having to kiss the b-tts of lenders!

We have homeowners insurance that covers personal injury on all our properties including our primary residence and our own personal vacation home.As far as Oceanside, CA is concerned they are welcoming VR's with open arms as they have been undergone extreme gentrification for the past 20 years and are now in the throes of building and billing Oceanside as a "destination tourist and vacation & resort community" what with all the hotels, timeshares and myriad condo, townhouse, row houses (which is what we currently own and VRBO and Air B&B's along with the great surfing, beautiful and accessible sandy beaches, hiking, biking, walking trails, wonderful eateries, boutiques, shops, etc.

Then, armed with someone you can trust and some experience, go after more of a killer deal to BRRRR. 

My mortgage officer suggest me to use ARM ( Adjustable Rate Mortgage) for condo refi as we expect to sell it in near future.