Make sure the property’s rental income will cover these costs.

If you didn't do any testing, you are definitely going to have an issue if the house was covered in mold.

Do they come through and try to justify their existence by pointing out small things for you to fix or is it pretty benign and they're just making sure you're not a slumlord?

About 20% use DSCR (usually 20-25% down) and the rest are cash or hard money or something else.For $325k purchase:1) As a broker I would negotiate down as its been on the market a while and its especially now in holidays)2) I would also negotiate seller paid closing cost credits, most loans allow 3% which should cover most or all of that.3) Assuming you paid $325k but got closing costs covered I would anticipate a minimum of $32,500 down and maximum $65,000 down depending on lending product chosen.4) Remember you still must furnish and I use $20/ft as a safe estimate to fully outfit an STR property.Best of luck!

In cities with static or declining populations, the existing housing supply typically meets housing demand.

Goal setting is not something you should wait until the end of each year to do, but if you have been busy and maybe haven't been able to get around to either brushing off your old goals, validating your existing goals, or creating your new goals, now is the time to do it for 2025. 

Set your standards up front.Raise the rent to the market max and the difference will cover the deposit in 12 months or so.

Hey @Joseph Chacko vellukunnel,I think @William Kwong covered some great points especially with the financing aspect.

If I cannot recoup the funds from the current owner can I do a full inspection of that unit during my pre closing inspection to bill the assistance program for any visible damages before 2/2025 when the guarantee expires? 

That being said, it's very difficult to get rents to even cover PITI payments at 80% loan-to-value in Utah these days.