Small world!

I think some inspectors are overly cautious for their own sake or have a save the world philosophy where they would rather see everything replaced then accept anything borderline. 

And we sprayed Zep and painted with and oil based primer to Water was running down the inside of the laundry room wall, so when we pulled off the old plaster to see the extent of the damage, the vertical column in the corner was powder.  

Also the windows are old but how much does a tenant really care about the outside and windows?

New to the real estate investing world (I have one deal under my belt!)

Welcome to the world of wholesaling @Bryan Venable! 

We’re thinking about converting everything into split unit hvac since tenant pays electricity and boiler is getting old and costs a lot to maintain and run heat through four stories.

@Chayson Descisciolo Yup it's because it's going to take at least that long or even longer for the old owners of all the junker houses near campus to die off and for their houses to end up in the hands of investors. 

"All terms from the previous contract" is only something you use if you're renewing your old contract with a tenant.

Can you get the new loan, move in - then move back out to your old home?