What To Look For When Walking A House

[Dakoda Spencer]

Hey BP family, I'd like some quick advice.

I'm going to look at a house tomorrow that the numbers look amazing on. I have two things to ask people. 

1. What are some things to look out for while walking the property that most people would miss? I don't want to miss little things like are the outlets 2 prong or 3 prong. Any suggestions?

2. Can I do this deal as a BRRR, and then live in it once it's all said and done? The house is an REO, selling for about 50k, ARV of about 120k-130k (will confirm tomorrow), rehab of about 35k (will also confirm tomorrow), have a HML willing to do 80% of acquisition cost and 100% rehab cost @12% for 12 months (with no prepayment penalty), have a bank willing to give 80%LTV refi for primary residences. All I should need to bring to the table is the 20% of the acquisition costs, right? Assuming that I'll be able to refi and cash out my HML.

Any input would be greatly appreciated. I'm going to view the house tomorrow after work. 

Thanks everyone!