Well, it's happened again. Yesterday was the inspection on the house we were planning to buy. It was a total disaster. Apparently just past the surface were a host of problems - structural problems, problems with the roof, lots of bad workmanship. I really didn't think this would happen this time, because the owners did a lot of renovating, including about $20K of work into the pool - why would you work on the pool when the house is falling apart?
So it's back to the drawing board. Remind me next time not to tell everyone I know about the house until after the inspection.