Medical bills are excluded.

New laminate (medium quality) flooring thru out ( exclude kitchen and bathroom)Medium priority:Kitchen: new light fixture, change door knobs, paint cabinetDining Room: remove two walls (verify first, to find out if they are wall supporting beams:)Entrance: Change light fixtures.Hope this helps.Cheers!

Here's he math, as I would do it...3/2 ranchARV: $150kRepairs needed: $20KPurchase Price ($150K x .7) - $20k = $85kFollowing this formula, I'll have $105K into the property after repairs (excluding purchase closing and holding costs during rehab, of course).  

Medical bills are excluded.

Here is the link to the survey, any advice on what to include/exclude would be greatly appreciated!

@Bob Bowling I am sure it is right up there too or perhaps they excluded.

If your loan officer or broker tries to exclude a property showing up on tax returns from DTI/count/reserve requirements, the underwriter is going to want proof that this is a valid exclusion (this is why in the past you may have been asked for the "Final HUD-1" of a property you sold a year prior). 

@Patricia Jones depending on your insurance policy, it could exclude "Business Operations".  

Modify your lease to exclude subletting w/o written permission :)

Both of those are excluding cap ex, which is the depreciation of say, the water tank, roof, appliances, etc.