First Time Home Buyer Question

[Matt Longfellow]

Hey guys! First time home buyer here. Looking at a 5BR, 3BA SFR with plans to house hack it with 1-2 roommates and possibly convert the basement into an AirBnb unit. I looked at the house and definitely needs some simple cosmetic rehab which according to comps would give it a nice equity bump right away. That and at the price I'd be paying could definitely get some nice cash flow so it's an attractive option at this point. That said, there were a couple of things I wasn't sure of during my showing that I was hoping to get some feedback on.

1. A few areas where old pipes are sticking out of the ground. The selling agent told me they were old electric and gas wires.

2. An old vent in the master bedroom

Images are attached.

I'm not sure if these are things to be worried about, or if they are just minor cosmetic things that could be fixed. The seller does seem motivated and the selling agent said he's willing to fix some stuff, and these are the major concerns I had walking through the house. 

Definitely interested in putting an offer in on this house, but want to make sure I know what I'm getting into first!

Any feedback is greatly appreciated!