That way he won't have as many refinance issues.There was a podcast not too long ago where they talked about a HML that doubled the interest rate after 6 months or 12 months or something ... just something to think about to light the fire (and make a little more for you in the deal, if it comes down to it).

Burnt out lightbulb, toilet flapper not seating, worn agitator dogs, bad ballast in fluorescent lights, faulty circuit breaker, leaking wax ring in commode, loose p-trap cap connecters under sink, modem has reset to factory default, thermocouple needs replaced on hot water tank, filters need replaced for central heat/air, ceiling fan needs balanced, lint trap on dryer is torn, source input needs reprogrammed on HDTV remove, headboards too close to wall and making impact damage. 

I absolutely love the points that @Henry Lazerow brought up.Totally my opinion, but if you can finance using either of these products and do a decent size rehab you will be light years ahead of most. 

Already stated by @Eric Yu in an excellent way.I just recently turned 30 and I can say with absolute certainty that if my light bulb moment came at 22, I would house-hack without question.

______Bath lights at 60 watts and all the same style bulb in place; if multiple bulbs, 40 watts can be used.

. $100.00Remove and re-caulk tub $75.00Replaced two light bulbs candelabra small. $5.00Master bedroom 17‘2” 12‘6” Minor point up throughout room Spot prime and paint as needed. $200.00Scrape sand prime paint and caulk three windowsills. $75.00Bedroom needs new hardwired smoke detector with 10 year sealed battery. $60.00Back bedroom 11‘4“ by 12‘6“ Mine are pulling up to our room. $45.00Paint entire room walls ceiling trim windowsills and doors. $250.00Remove and replace smoke detector with new hardwired 10 year sealed battery. $60.00BasementFront room 11‘ x 12‘ Wipe down walls and spot paint as needed. $75.00Middle room/hallway Remove and replace combo detector for 10 year sealed battery. $100.00Wipe down walls and light touchup on doors walls trim. $125.00Hall and stairs closet needs to be scraped and painted due to water/flaking paint throughout closet. $125.00Bathroom 5‘ x 7‘ no pop up on pedestal sink. $125.00Light touch up throughout walls trim sills and ceiling. $100.00Laundry room 7‘ x 7‘ Water damage on ceiling and walls.

Based on a video walkthrough, the property needs new paint throughout the house, new carpets in all the 3 rooms, new kitchen countertop, new light fixtures and i plan on resurfacing the popcorn ceiling. 

If you decide to put more cash into it, make sure you don't overspend as sometimes the neighborhood's average price/condition/demographics doesn't look good for a brand new gutted property with marble floors and European light fixtures.

That is when you need to replace carpeting, paint walls, replace lights or plumbing fixtures, replace doors and repair windows, etc. 

Give them your business card with phone number and tell them that if you see anything suspicious call the police and you no matter how late or early.Gray area stuff, the home isn't yours and you could be in hot water if the listing agent or seller find out that you placed a cage over the unit before you close so tread very lightly.