There's a relatively untested way to absorb some but I emphasize it's untested which a long way from either approved or disallowed.The theory is that if the improvements are less than 10% of the value of the property you are buying and the improvements are things that would normally be associated with a structure (roof, A/C, flooring etc not furniture or a car in the garage). 

This home features brand new Flooring, carpet, brand new kitchen, all wood cabinets with soft close drawers and hinges, quartz countertops, new stainless steel appliances, new fully finished bathrooms, new interior and exterior paint, new central HVAC, new dual pane windows, new roof, new water heater and all new lighting throughout.

I have just completed the following: New roof, new tile floors, 2 new bathrooms, quartz countertops.

Banker approved $10,000 remodel draw account.Purple house: Painted the cabinets, fixed a small plumbing leak, moved in a Section 8 Tenant @ $900 a month on the day of closing (advertised the property during the 45 days between contract and closing, had the property inspected and approved by DCA, tenant ready to go).

What if it's a triplex that needs three of a lot of expensive things, asbestos abatement, discover there is soil contamination because it used to have a small gas pump and holding tank under the driveway from when the 3rd unit used to be the driver's quarters in the early 20th century and it's leaking into the earth (I've actually come across that) and it totals way more than $65k?

Installed full HVAC system.New roof.

The house needed a ton of mainly aesthetic work and a new roof.

New roof is a new roof either way.

I’m expecting to receive an inspection report later tonight but based on my conversation with the inspector there are a few concerns including water leaks in a couple of the units.In the purchase agreement, one of the sellers terms was that the property “ is sold as is, and as disclosure condition.

@Chris MackinlayHad a basement leak three weeks after a tenant moved in and was out of pocket $5000 due to incorrect plumbing by previous owner.