Regarding the SDIRA, as has been pointed out, you should have sufficient liquidity available in it to cover unexpected costs.

The electrical came back with the need to replace the outlets near water sources with GFCIs plus the breaker panel and feed wire at a cost of around $1500.

The inspector will look for very basic items including no chipped paint, GFCI outlets on any outlets above/near water (kitchen and bathroom), etc., etc.  

entrance" to my home before applying to purchase it I was so excited I didn't pay attention to or know how to assess damages: vandals stole the all the copper wiring, bootleg window installation (there are vines growing over my bedroom curtains), bootleg hardwood floor installation, salvaged & broken bathroom fixtures installed, non working electrical outlets, GIANT RAT INFESTATION, no central air or heat, broken sinks in both bathrooms and kitchen, giant forest overgrowing in back yard, brand new hot water heater not installed properly.None of what I listed above was too much to handle but if I would have assessed it before hand I would have had it taken care of in 1 week instead of 3 months.

I would personally assume that you would need to do extensive rehab, find the upset amount, and leave some room to account for unexpected expenses. 4.

This is a really valid point and if I had to incurr in unexpected costs, it would cost me pretty badly.What I thought of doing was charge myself the rent some other tenant would pay if I would rent out the unit I'm living in.

The project will involve laying new flooring, minor layout reconfiguration, full interior and exterior painting, a bathroom remodel and some minor electrical work (i.e. installing fans, vent hood, replacing outlets, etc).Any references are appreciated!

Crime rates could cause unexpected repairs and more high attention tenants.

Pool heater should have been operable. and walls were perfect at move in so should be at move out. Let

We have a busted pipe, no outlets working in kitchen, black mold in wash room, espestice siding, and other wiring issues.