Most of the ones we won worked out ok, but one wreaked so badly of cat urine even after stripping out all the soft surfaces we cut our losses and sold it to a handyman unfinished who wanted to live in it and refinish it himself.  

Maybe the “student” deserves some blame, but the punishment, in my view is more than served by the huge failure rate in the wholesaling industry, coupled with the near total loss on the educational investment.All illustrative, of course.

Gas, water, elec are unnecessary.

That’s a great approach—sometimes slow and steady is the best way to go, especially when it comes to managing costs and avoiding unnecessary debt.

The P/L is just that, it shows all profit, and loss (expenses.)

Focus on turning it around and getting it rented as quickly as possible to minimize losses.2.

Ultimately, it sounds like they did you a favor but that you need to curb the behavior to prevent unnecessary work and being over charged in the future.We have run into issues like this many times in the past.

It included similar "loss of rental income", same liability limits, included building code upgrade, vandalism and even 10% for water damage and 5K for rot.  

Buyer has ability to close, so it's a smaller loss to have the complete the purchase before the market gets worse. 

We don’t feel these are necessary, especially considering that the property already passed inspection when we bought it.We're concerned that we might be getting taken advantage of, and that these costs are inflated or unnecessary.