I did ask about short sale and they said they would need to see a HUD statement and purchase agreement to do that but I was confused how I would generate those two items without an agreement from Kiavi on the short sale amount? 

Sewer scopes are a MUST do item when buying an older home unless you can see clearly the line has been replaced with PVC..

Josh,Well except for the 4 items you mentioned, then it's a walk in the park....

This is the same as they would do for other items the seller already paid for like property taxes. 

Receiving a cash out loan on an investment property can be a very confusing item.

Re-secure loose sheet metal items and reseal cracked or missing caulk joints.7.

I do plan to hold it in an LLC, have good insurance and umbrella as well. 3) Older homes in PS - most of the homes in PS are built in the 40s-50s and for those that own them, do you constantly run into issues with major ticket items - plumbing, electrical, etc (things that are not visible to the naked eye).

I think that, regardless of the deal you have with the seller, the primary lender that you refinance with may not like you having a 0% equity stake in the property, or very tiny equity position of less than 25%, and may require you to reduce or eliminate the "junior lien" or whatever you want to call it that is this seller carry item. 

Honestly, much of the value in home inspection comes from the document created which many buyers receive a copy but are otherwise clueless as to the items often missed in an inspection.

Have done most residential RE items except commercial MF, new development, and sub-to.