Unrelated, they also used soap in our hot tub requiring extensive cleaning.

BUT I wrote an extensive article on my experience as a Redfin Associate Agent based off of the hundreds of questions I've received in my DMs.

They quickly sign a closing extension.

An appraiser will view the property and if the repairs are extensive they can be called out and create challenges.

I have a one-page extension that says the lease is extended for XX months with a new termination date of (enter date).

This is an extensive question and a lot of variables can come into play.

The whole idea is to get in "light" - with as little cash out as possible.Purchase price: $80Kdownpayment: 20% ($16K)seller gives you $30K rehab creditCash at closing: $14KOwner 1st mortgage: $64K, interest only, 8% ($426.67/mo)Maybe negotiate to refi in 2 years or 1 year with a one time extension of 12 months with a 1-year advance on mortgage payment ($5,120).With that mortgage payment, and if you can indeed rent both units at $825/mo or $1650/mo total, you will cashflow from the deal even with the 50% rule.I would suggest though that you put the deed in escrow to be sure the owner does not walk out on you and get your downpayment and a renovated property at your expense.

A home inspection will find foundation problems, extensive roof damage, and mold.

@Charles Kao Yes they have signed leases till next 5 years so no need to renegotiate the rents... couple of Tenants have extensions after 5 yrs term...

New siding, windows, refinished the hardwood floors and added new flooring, extensive drywall repair and a new kitchen What was the outcome?