I advise against buying condos or anything with HOA fees, relying on the collective financial status to upkeep the property's common areas.

Additionally, flood insurance is commonly available and ensures that for an extra few hundred bucks a year, you're covered both for damage and loss of use (i.e. missed rents). 

Maybe it's not common to have a lawyer in Texas?).

Storage areas can include built-in cabinets, closets, attic space, and even outdoor sheds, etc.Laundry: Including a laundry area and machines is a big bonus for tenants, as they compare that with apartment living where they would have to use common laundry machines that require payment.HVAC: Make sure to include an effective dual heating & air-conditioning system to service the ADU, so your tenant is comfortable in the unit.Kitchen island: It may be difficult to squeeze in a kitchen island in a small ADU, but it’s a big bonus if you can make the space.

I do standard rentals with the option to buy using three contractsRental agreementOption agreementOffer to purchaseI have a new eviction attorney who is wanting to combine all three contract into one.Is this fairly common?

This is somewhat common….they’ve had a free place to live and don’t want it to end.

I agree about the mini-splits, the ultimate yet priciest solution...Gas forced air furnace with a straight AC system is common all over the USA.

Open to hear everyone’s opinion Ethics aside, what you need to understand is that how wholesaling is taught or commonly practiced these days is not actually wholesaling.

For utilities, while it will vary from property to property I think a common arrangement for small multifamily (2-4 units) which you'll see is that tenants pay for internet, gas, and electric, while the landlord covers the sewer/water/garbage/recycling bill, which is all lumped into one bill, at least for Mpls. $150-160/month is a good estimate for a duplex.

Your situation is fairly common, and I believe none of these potential repairs should kill your deal, nor do I advise backing out.