Rental Property Inspection

[Kevin B Long]

My wife and I recently had our offer accepted on a new flip we plan to use as an investment property. We had the inspection done yesterday; however, there are a items that came up we weren’t expecting and now are starting to worry if this is worth it. Missing insulation under the roof, minor roof damage, A/C temperature difference in half the house, no cable hookups anywhere in the house, doors not up to pool code, and a few other minor things. All in all we expect this will cost us a few thousand dollars to fix unless we have the seller pay for it but judging from previous interactions with the seller, that will be difficult to do. Our thought is: will spending a few thousand dollars more upfront on fixing the items from the inspection be worth it in the long run? Or do we cut our losses, safe our time, and wait for another deal to come around? We are leaning towards fixing the items and continuing with the deal since it’s a rental property and we just want it to be legal and safe for our tenants. Any advice would be greatly appreciated!! Thanks!