Quote from @Jason Hathaway: I'm in the process of purchasing another home adding to my portfolio.

I'm an investor-friendly agent in Cincinnati.

Stuff happens, who knows what hidden BS can be found on a purchased property ESPECIALLY a D-class "garage price" home.

Purchase price: $265,000 Cash invested: $200,000 1930’s historic home with a converted garage.

Purchase price: $30,000 Cash invested: $80,000 Sale price: $135,000 First rehab.

Otherwise the hold up of the sale and going back-and-forth we wanted to avoid.Because it’s now on the closing statement, are these a deductible repair expense like it would have been had it been before closing that would normally just be under schedule E as a repair expense.Cheers.Since the seller credit is now part of the closing statement, it’s generally treated as an adjustment to the purchase price rather than a direct repair expense.

@Jullion Cooper Congrats on your purchase!

You've shared so many gems and described a realistic depiction of purchasing an investment property. 

Purchase the home with the condition that the tenants have vacated.

Though DSCR gives you a better picture of how the property is projected to perform vs debt service, you can't rely solely on one measure to make a purchase decision.