Covering repairs outside of close

[Andrew Gavre]

I am currently under contract on my first rental house and the ROI on this will be roughly 25% so I am excited to say the least. The only problem I'm facing is my lender will not allow the seller to contribute more than 2% towards close and this includes seller repairs.

The seller is giving me 2% towards close but there is another 10% towards repairs that we are looking to have done. My lender is saying I should work with my agent to have the repairs covered outside of close but I'm nervous about having to potentially play collections to get the money from them after we close on the house. Does anyone have experience with this?