You can even use this as a bargaining chip to ask for a price reduction.

It also depends on the kind of financing you have that will determine what may be a potential deal breaker, ie: if  you have an FHA loan and the house inspection comes back with multiple areas of chipping paint and the seller doesn't want to fix the issues.

Maybe take some chips and develop relationships w/other folks that are experts and let them make you money for awhile in other markets / niches and strategies.  

Lead paint or any paint chips etc also. 

If there is a steady appreciation as planned, then I can sell for a solid profit margin after some appreciation and chipping away at the principle with my option payments.

Aaron McCarty if you look at the formulas/metrics in isolation then the numbers don’t mean much.The formulas/numbers is all relative, especially as everyone/business has different goals and risk tolerance.Compare the results to the alternative, example: compare the historical stock market return on blue chips to an A class area.

The paint is starting to chip and one piece actually fell off from being rotten.

There are paint chipping and painting needs to be done throughout the exterior of the home, prior to closing.Background of the Home:This home never hit the MLS.  

There are paint chipping and painting needs to be done throughout the exterior of the home, prior to closing.Background of the Home:This home never hit the MLS.

All you need is 3.5% down and you may be able to get the seller to chip in for closing costs.