FHA: Getting Close to Closing

[Javier Segura]

Hello,

I recently had a 4 plex offer accepted in Kansas City but walked away after I seen the inspection. As I am new, please advise on the structure of the deal and what possible strategies could I use next time (see below). 

Story:

I felt great about the 4 plex property until I receive the inspection list (42 items). I began to second think if the FHA was going to accept the property? The seller mentioned they would be willing to make repairs upon a price negotiation.

The structure of the deal:

Cost $250K. I initially offered $253K with the seller agreeing to cover my prepaid and closing ($7k). Repairs were going to cost around $15k, so I was going to increase offer to $260K (seller cover prepaids and closing cost) and have the seller repair the property to FHA's standards.

Question:

How can I feel confident that the FHA will accept a property after it has been repaired. I did not want to waist the seller's time and money if the deal did not go through.