Just an aside: additional due diligence that goes beyond inspections can be enlightening. The disclosure form can be just a smoke screen. How many people do you believe represent with complete honesty about what they know about a property? I give people the benefit of the doubt, but this is business. And, in a case where an absentee landlord is involved, you have to ask if the document is going to be enlightening at all. And how about heirs to an estate? They can claim complete ignorance. Inspections are going to be more telling. And why stop there?
Personal anecdote: I was interested in a property in Brentwood, CA about 12 years ago, but balked on going forward. Why? A visit to the city planning office produced information that a mysterious gasoline leak had been discovered running through the neighborhood. The neighborhood was distressed, needless to say, because the source of the leak was unknown. That seemed odd. You would think the neighbors would pressure the city to keep looking until they found the source and made someone fix it.
I could have negotiated a much better price taking the gamble that the city eventually had someone (like the neighboring service station) locate and stop the leak. But, I passed on the deal.
It's just good business to examine all available information.
I'm sure things will work out well for you, Gci. Great question!
PML of Longmont, CO