Already the seller is willing to drop the price by 20k for plumbing and electrical repairs.My question is how should I structure the deal so as both parties are mutually happy and mutually protected from variables etc.

I know asbestos, lead paint, electrical, and plumbing should all be checked out.

If so, were permits pulled & were they installed by a professional5.Are any of the homes rented to students6.Is there a flat roof7.are there asbestos shinglesThe Year that the following were updated (either partially or fully) would be good to know:- Heating systems- Roof- Plumbing- electricalSome companies will not write properties with systems that have not been updated.If the property is solely tenant occupied you will be looking for a Dwelling/Fire Policy (may be called a Landord policy or similar name) or a commercial policy such as a Businessowners or Package polciy.Most dwelliing/fire policies include or you can add:1.

I have a dueplex near PLU and am needing a good plumber contact for a estimate on some plumbing issues.Anything would be greatly appreciated!

I’m a first time buyer and wondering if the 1% rule is a good number just for starting out.My current private seller is offering $190k for a newly renovated home, all new appliances, heat pump, wiring, plumbing, and it has an ensuite in the basement but we have yet to negotiate that number further.The top unit pulls $1100 a month but she says it could be pushed to $1500 a month because it’s a 3 bedroom.Bottom unit pulls $600 and is basically a studio.

Inspection has identified all 20 things to be fixed (Wood Rot, Electrical fixture, Plumbing issues, Balconies Railling).

Details:Property: 2/2 to become at 3/2 with one wall added, 1400 sq ft, 1960s build, list price 115kMechanicals: new HVAC 2018, most of the plumbing has been updated to PVC/pex, new roof 2020.ARV: 150kOffer Price: 75kEstimated Rehab: 25kContingency: foundation inspection because there are some squishy spots in the floor.

This will help you get a better idea of what tile, hardwood, carpet, plumbing fixtures and light fixtures costs for your rehabs.#3 Contact Local Contractors for Labor PricingCall local Subcontractors and get budget pricing for common repairs on your typical rehab project.For example, call a roofer and ask what their average cost per Square of Architectural Asphalt Shingle Roofing would be on a 1,500 sf house, with a 6/12 pitch.Note: Some contractors will be reluctant to share pricing without seeing the property, but tell them you are just looking for a rough budget number you can use on future projects.#4 Compile Your Prices into a Spreadsheet or Estimating SoftwareOnce you start to get a better understanding of Labor and Material costs you will want to store this data into a spreadsheet or software that you can use to help you streamline the estimating process.The Book on Estimating Rehab Costs comes with a spreadsheet that you can use to help you populate your own database of labor pricing and material pricing.

If it helps the below items are what stuck out the most:Plumbing:  Your material costs seems high on this, usually plumbing labor cost is a lot higher than material cost. 

Think about the 4-Point inspection:  Roof, Plumbing, Electrical, AC.