Keep in mind we do not have known cost amounts for these repair items, and can just make estimates, and hope no other costly issues are uncovered after attacking some of the repairs.My question is, with our next interaction with the selling agent, should we:A) Ask for the major repairs be metB) Ask for a decrease in agreed upon price (without great idea of what the repairs will cost)C) A combination of both; settle with some repairs met, and a decrease in priceOur entire list is below: (keep in mind that I am not sure if all of these things need direct attention to get the unit rent-able, or if some items can be overlooked for now and deal with later as they become more of a problem)Repair List:Items that need attention before renting unit:Big Ticket Items:Install furnaceInstall all new appliancesInstall water heaterExterior electric power supply is damaged, needs repairInstall guttersNo termite treatmentNo gas meter, install newAttic decking has moisture damage, needs repairSmaller Repair Items:Install electric panel faceplate and secure exposed wiresTwo prong outlets (could not test), swap out, install GFCI where neededTrim tree limbs in contact with power linesMissing light cover under front entranceRepair kitchen windowsRepair kitchen sink leakRepair utility room leakInsulate atticSeal gaps in living room doorLoose bathroom faucetAdjust shower water pressurePatchwork performed in multiple rooms, walls are plaster on wood lathe- which I have been told can have asbestos issues once opened upDeferred Cost Items:Large tree removalTorn and missing roof shinglesSeal plumbing boots on roofRaised soffit under car portSecure electrical lines in attic, they run over attic stringers, not through them (necessary?)

2 words: lottery tickets. 

This is a big ticket item, on the order of $20,000 and up for the sort of full-on replacement you see listed here.

The percentage will depend on the condition of the home and when you anticipate the next big ticket item will come up.

Has anyone heard of FU money; high tickets sales closures program by Dan Loc.

A $200 to $300 plane ticket every two weeks gets you access to many other markets.

On a 6 month job, I’ll request $20,000 down if high ticket items are needed in advance. 

@Sam Shueh the CapEx covers those items you mentioned, its pretty much any of the big ticket items that don't go out too often (hopefully).

@Dorothy Pang Plane tickets are cheap. 

I see this as my ticket to getting some real cash to start a legitimate real estate business going forward with capital to rent to own and flips.