Drywall in the closets are severely damaged, very deep chips and scratches.

Should we create a company together or create a new agreement for each house purchased (as funding may change, he wants to eventually chip in on the down payments).

It can chip and discolor around the sink area pretty easily.

You can test paint chips but that really isn't the thing they care most about (although it is leverage for you as a buyer).

I prefer through-body color porcelain tile; when ceramic tile gets chipped, the color under the glaze usually doesn't match the surface glaze - my preferred porcelain tile type will have color beneath the glaze that matches the glaze pretty well. 

Or should I tear the tile off, but most likely destroy the chip board sub flooring that was added on top of the original laminate? 

I know I have a lot to learn & I’ll keep chipping away.

Do again what got me the $800k in the first place.In this market I'd split between 5% risk-free couch returns and blue chip dividend payers.   

But since 7% is not 30% i don't know if i'm getting greedy and i'm looking to sell my condo, cash my chips and but another two pre construction units looking for returns over 20% anually.

So if anyone who has experience with doing rehabs/renovations wants to chip in their two cents on what a "standard" approach to inspections would be I'd love to start that discussion here.