First rental property

[Antonio Esposito]

I'm navigating the process of purchasing a rental property for the first time and would love to hear the forum conversation insights. I'm currently under contract for a rental property in another state. Last night, I learned that there's a problem with the home: during the inspection, six gas leaks were identified, and repairing them will cost approximately $7,500 in labor and materials. The seller can't cover these repairs before closing but has offered to credit the repair costs at closing instead. The home inspection hasn't been completed yet, and the seller has requested that it proceed without addressing this particular issue. Has anyone experienced something similar? Should I move forward with the inspection? I would greatly appreciate any thoughts or advice.

[Andrew Syrios]

I'm not sure exactly what you mean by "the seller has requested that it proceed without addressing this particular issue." Are they no longer offering a credit for those repairs? 

Offering a credit instead of actually doing the repairs is quite common. But I would definitely make sure to get that credit. If it's just about getting the inspection report back and you need more time, ask for an extension on the contract.