Would love to do an FHA but the paint is chipping on the outside of the home and the deck probably needs to be replaced.

If he decides to stay with it and for whatever reason you are not renting the rooms as you intended, that also becomes a nightmare because now you will both be chipping in to cover the payment. 

The house is about 100 years old and the wood siding is starting to show its age.I spent two days chipping and painting two sides cause I got cited from the city of Lakewood.Its hard for me to spend that much money which wont raise the rent of a tenant at all.The wood siding is in relatively good condition aside from a couple pieces.

FHA's biggest weakness is having to follow HUD restrictions (no chipped paint, all handrails to code, etc).

Felt I had the skills to take this on and wanted to put them to the test, Chip and Joanna style!

Felt I had the skills to take this on and wanted to put them to the test, Chip and Joanna style!

Homes that are prior to 1978 most likely have lead paint. use a disclosure when the unit is available for renting, also make sure there is no peeling or chipping paint I also painted all my units prior to renting.

They would not go to Las Vegas and buy $1000 worth of chips and bet it all on black.I naturally have a gambling nature so I never got stuck.

There was chipped paint, gas smell, mold in one room, leaky ceilings, and a hole in one of the walls.

@Eric WangMy wife and I are currently chipping away on rehabbing our first place.