After a couple meetings and knowing the questions to ask and knowing more of what not to say instead of saying what to say I went to a developer and asked if I could help in anyway on his next project if I chipped in my 10k- a month later we were closing our first multifamily and a week later I am renting out the three units.

He is saying there are paint chips.

@Brian Nordman If you are interested in investing in Real Estate, push all your chips in on that.  

The inspector will look for very basic items including no chipped paint, GFCI outlets on any outlets above/near water (kitchen and bathroom), etc., etc.  

I can tell you that they are very picky, and even ding you for chipped paint if your building is over a certain age.

During the move in inspection, they  were unhappy with some of the walls had chipped paint (result of taking things off the walls when we moved out) and demanded that we repaint them.  

I have been living at home saving/investing almost everything I make into blue chip stocks and vanguard ETFs to hope to start REI once I am out of graduate school in 2019 and making more than double the income I am currently making.

The bathroom sinks in all units are just old and chipping, the same with the tubs.

I would say that $50 Is not going to be an issue as the roommate will most likely chip in far more M2m, like others have said, is being done for his protection,  in case the roommate leaves. 

The thought of not having to come to work everyday on some days is very attractive but my long term goal is to be able to retire early - 55 to 60 latest is my goal - and live comfortably.....The other thing I am able to do because I have multiple streams of income is to parlay some of my W-2 income into blue chip dividend growth stocks, REITS, and MLPS to further diversify and create a continually growing income stream.By the time I retire I hope to between my Real Estate income, retirement accounts and dividend income from non retirement accounts more than double my w-2 salary.It's all about your goals and desires.