Mind any potential code violations, deferred maintenance, and your big ticket capex items(re-paving parking lot, loose handrails, amenity repair, roofing, scope plumbing lines, etc)It’s unclear to me if you’re buying this with your money or other peoples money.

The more you do this, the better you will get at knowing rehab big-ticket items vs cosmetic fixes.Best to you!

I have learned to work on the safety items first including electrical, necessary structural, Roof leaks, water system leaks etc.

Please answer this in an itemized way to better help flow of conversations!

@Sattir BittiSome considerations as you do what you are planning to do.If you are currently itemizing your deductions, you may see an increase in your taxes if your mortgage interest is reduced.Your 'appreciation' is taxed when you calculate your gain.Gain is sales price less selling expenses less adjusted basis.Your suspended loss may get released upon sale of the property.Best of luck

Often times you are only seeing a "view" or "report" of the information available on a listings, not every single data item available.

Minimum items that should be expected of lender/mortgage broker:Good communicationObtain the loan.  

This can be done quicker, or if major items need addressed, it could be longer.Repairs are the same way, you are budgeting reserves for a "might happen" scenario.  10% is not a bad number, and there could be years you are above that and years you are below that.  

Don't become intimidated when some of the examples in the book refer to larger business models or reference companies that make $2MM to $50MM in revenue. 

It's money you set aside to replace items that have shorter lives than the property itself.