Note you could get squeezed with this if the current tenant abandons the items and you have no one paying rent but are obliged to provide credit to new tenants.

Some of those items you can't even make up!

In all properties it good to have a Reserve Plan of these items, expected life and how they will be paid for during your ownership.  

Can it fund the items in the reserve study?

those items should already be escrowed and noted by the previous FHA appraisal.

In desperation, I come to BP and ask for help: If anyone can share some experience in how to remove this nasty paid charge-off item from my credit reports, you have probably just saved my life...Thanks in advance,Michael

Take a look at those two items and come back with your next round of questions :)Happy House Hunting!!

2 baths instead of 1 = 1 more maintenance item for the landlord.

I'm wondering because he already has a line item for $70K, which I assume is for realtor commission on the sell side, taxes, transaction costs and financing costs?

The actual prices are less important here than the example of how to evaluate by breaking the home into sections and knowing in your head (or on paper) what you costs are for each class of typical section  items.