Don't forget to include any city permits / inspections if they are needed. 

I would get it inspected to make sure it isn't anything more serious. 

Who coordinates inspections? 

I would use the inspection contingency. 

Don’t trust your home inspection.

Again, inspections don’t show you what’s behind the walls and in the end it likely would have been better to simply find a better plot of empty land and build new from the start.

My wife and I are excited as today we have our inspection on our property we look forward to owning and one day renting out or doing a 1031 exchange but before all that we’d like to gain more knowledge on how we transition our current home to a rental property.

So I'm always nickel and dimed at the end for little items that should have been taken care of during the rehab which is sometimes understandable but the most precious thing I'm losing is time as the contractors have to be scheduled again to come out and then another inspection has to happen. 

Getting the original owner to except offer took time, and there were a few unexpected costs during the rehab as well as a few mishaps during the inspection for buyers.

Getting the original owner to except offer took time, and there were a few unexpected costs during the rehab as well as a few mishaps during the inspection for buyers.