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Updated almost 6 years ago,
What to do after you have the Inspection Report
I am getting back in to investing after buying 3 SFR in Washington 8 years ago. We are looking out of state with my son. We have made an offer on a 4 plex, built in 1900, in Wisconsin and just received the inspection report. The It lists several problems:
1. Sewer pipe on north wall west side in basement leaking.
2. Northeast corner of roof has corner cap missing and is believed to be the entry point for wildlife to get in.
3. Recommend a qualified structural contractor repair back outdoor steps and balconies to code.
a. Loose railing, improper attachment, cracked treads, moss growth, stringer cracks, stringer improperly attached to the trimmer.
4. No CO detector in each unit.
5. Bathroom vents vent into attic space.
These are the highlights. Should I have the seller fix these problems before purchasing, renegotiate with the seller, or fix the items myself?
Any help would be greatly appreciated.
Thanks,
Glenn