FHA loan and 99 years young

[RJ Dixon]

Hello BP !

I currently have a triplex under contract with a FHA loan as I'm going to house hack. Each time a tenant moves out I will rehab each door. My problem is I didn't know FHA is a sticker about certain items and my lender didn't tell me. My fault should of done more research. Especially when this house was built in 1920. Once I got back a " as is " appraisal I feared for the end. The appraisal stated, " Soffit and fascia has damaged wood with peeling paint on 2 story building and it needs to be repaired/replaced, paint scraped and the area re-painted. The exterior stairs on the side of the 2 story building, leading up to unit B, has damaged wood/peeling paint and needs to be repaired/repainted. Detached studio has overgrown plants which needs to be cleared." Now might I add that my realtor and I emailed for this appraisal to be done weeks ago. I finally got it back a week before the closing date. I knew all this above had to be done as I'm coming in to rehab. I already have a roofer because I'm going to replace both roofs instead of just patching as this is a long term hold. I also have a couple handymen. My question for you is what are my options? I don't think the seller is going to pay for anything. I suggest I can put money into escrow for the rehab cost and also suggest I will do the work before. I have 10k in escrow for the closing so I can't simply walk away or want to as this is a good deal. The lender said let's see what the underwriter says. Any creative ideas ?

Cheers