UNLESS, on the contract, likes clause #9 or so... it says all items that are excluded from the sale, if tenants are not included, then it's the current owners to get them out before you close on the property.

,Some food for thought. - Mortgage credit inquiries are not a concern, nor do they have a "hard" impact on your credit.

On a side note, items such as electrical and plumbing must be up to code so those items will be inspected.

I have heard about buying truck loads of liquidation items.....

If you know your square footage of walls and floors, then itemizing becomes easier and easier the more you do it.

I haven't had it appraised yet, but I'm guessing there is potentially 20-40K in equity.This is my first house and my inspector missed a few items, some of which have been corrected.

We were told it would be a "process" and were told to remove any and all food, cooking products, plates, glasses, pots, pans (anything we cook with or eat on) from the kitchen until the problem was taken care of - approximately 2 months!!

Also, we purchased an additional warranty for 3 items, so if any of the 9 items break after the 1 year, it will be covered.

They also have better costs on material because of volume discounts and have better sources for big ticket items like furnaces and AC's.

So much can go wrong- major repair items that you've missed, the market can soften, vacancies, inability to refi, etc.