FHA has a lot of safety requirements be met, for example, you can't have a closet pull chain light that doesn't have a globe cover and there must be no chipping paint inside or outside the home.

You have to play offense with your money and play with a chip on your shoulder.

Agreed on the value on being what it is worth to us versus a heavily traded item like a blue chip stock. 

Rather than overthinking, just start chipping away.

Hi fellow STR hosts,We’ve had several instances where our cleaning team has reported damages to furniture upon checking in, such as major scratches on the new dining table or chipped nightstands.

Did it ourselves took about 2 weeks just for the bathroom.All wood framing & window trim $70 (70% culled lumber HD)OSB walls & flooring $100, Wall insulation $45In wall electric blower fan heat $87 240VoltLed lighting $6 above $19 mirror, All ancillary Electrical $70Exhaust fan $30 another Lowes return toilet $25 lowes returnvanity $35 with top slight chip doesn't show faucets $79floor tile 79cents/sq ft. 35 sq ft tile backer-board floor & shower stall $75Shower stall tile 80 pieces @ 49cents each 12x12.48x36inch shower base $48 Lowes (small chip now covered by tile) shower base drain fitting $20.shower diverter (left over from another job) probably $80tile mastic $38, grout & caulking $45 PVC/Pex plumbing minimal as waste pipe etc underneath floor $100Cheap Cedar fencing wood ceiling,  baseboards, trim $25.60 stained with old deck stain we had.Drywall $10 (got 54 sheets from Lowes with damaged edges for $50) We drywalled the entire unit & had 12 sheets left.Pella Window $30 lowesSolid Pine Barn door $10, barn door hanger $80 (amazon)Where it went ...Somewhat finished ... 

The home just can't have holes in the ceiling or chipping paint.

It currently has hardwoods but they’re **** and thin and I don’t want to refinish them a lot of pieces are chipped and missing etc… the kitchens already have tile and I’m doing porcelain tile in the bathrooms.

I expressed my concern and told them that they can chip in if they feel like but at least i expressed to them that I am basically doing them a favor for a problem that they are causing so hopefully they will be more considerate in future before making decisions. 

Get the tenants to chip in for the equipment and get going on this deal.