If it's just surface, get a mask and some bleach and do it yourself.

Typically chipped and peeling paint (lead hazard), anything problematic that could put the buyer at risk - that kind of thing.  

It is common to have the FHA appraisal flag small items, peeling paint, correct, re-appraise, and purchase. 

The rest is cosmetic maintenance that was never completed... old cast iron tubs with worn caulked seams, peeling and cracking tiled floors, floors that have been wet and need new sub floors, some roof truss work as well as some floor joist work where the previous owner cut two of the joists to plumb the tub.

No floor masking or cutting in around baseboards.

Overlooking the fact, that most of the time, they did not fix the problem, they just masked it, which ends up costing more money down the line.

Based on the results of the first sale and the urgency to unload the buildings, it’s likely that EquityBuild investors could face losses on the second wave of sales as well.But it’s still way too early to estimate how much money the receiver will collect in its effort to pay back EquityBuild’s investors, said Duff’s attorney, Michael Rachlis, of Chicago-based Rachlis Duff Peel & Kaplan.

(Thank you in advance)Here's the violations list:CN062024Failed to maintain parapet wall in good repair and free from cracks and defects. (13-196-530 and 13-196-641)North and South parapets , spalled bricks and loose mortar with ajar mortar joints .CN063014Failed to maintain chimney in safe and sound working condition. (13-196-590, 13-196-530(b) and (c), 13-196-641)North chimney spalled bricks and loose mortar with ajar mortar joints .CN069014Failed to maintain foundation in sound condition and repair and so it adequately supports the building at all points. (13-196-530, 13-196-530(a), 13-196-641)Rear basement areaway , peeling masonry coating on foundation walls .CN070024Failed to repair or replace defective or missing members of porch system. (13-196-570, 13-196-641)Rear two story wood back porch requires replacement with plans and permits .

Be sure to talk to them about 3% down conventional loans, because FHA loans are notoriously difficult, and sellers will prefer a conventional over an FHA, because the FHA appraisal requires the seller to fix little things like peeling paint, broken window panes, loose handrails, etc. while conventionals typically do not.Some borrowers are approved for a higher loan amount through FHA than conventional, but I believe the MIP is generally higher.Also, this is something your agent should be helping you with.

I haven’t had the best of luck with it, because it peels a lot sooner than one would like.