We removed a chimney to open up the space and updated all the major ticket items—new electrical, HVAC, and roof.

Lots of posts here on BP on all the questions to ask as there are 100+ items to consider

My wife and I used to do flips in this area, and I have a couple listings along with long term rentals I manage in the area..For the co-host, they typically do not handle permitting and other items like that (this can be agreed upon between you and the co-host.

I'm sure HUD put a specific line item (503) on the settlement statement to help people commit fraud... wtfhttps://www.hud.gov/sites/documents/1.PDF

If we need customized items, like a Leasehold DOT on an airplane hangar portfolio, then we (borrower) pay extra. 

Brick v.s siding and covered v.s no converted parking also make a large difference and are items that have to be adjusted for. 

I always pay off my highest interest rate items first, especially if its debt.

There are so many contingent items that can arise. 

He abandoned it during his demon years so his best friend took it over and added a couple more people before it desolved due to all going off to college.In college he had a side hustle of finding things on free sites, putting them up for sale, selling the free item and offering to transport it for a modest fee.  

Prepaid items are comprised of property taxes and insurance and prepaid interest.Property taxes and homeowners’ insurance will depend on whether or not you have an escrow account, when you are closing, and when those items are due.