Here are additional things to consider: 1) units that are below market rate 2) minor value add purchases that are short of requiring tenant to vacate for 30 days (most LL I have been communicating with believe that a significant kitchen remodel may be necessary to terminate lease due to a value add). 3) (this is the one that I find most impactful) Tenant termination is now limited to a few items such as uncorrected lease violations or rehabs significant enough that they mandate more than a month of vacancy. 

One good way to gauge the seller's candor and honesty is to ask them what work was done recently and cross-index it with what you find with the recorder.4) I'd also +1 the closing costs line item. 

Lots of wall decor and items on mantels/dressers/table.

We've found termite infestation and other items that were not accounted for.

But they weren't itemized very well.

I understand--you may be correct that they are overcharging, but it is hard to tell unless I'm looking at their line item breakdown.

Just make sure you update or don't invalidate such items as your Title insurance policy and your homeowner's/landlord's insurance policy.

Do you mind me asking what your rehab consisted of and what were the big ticket items?

On line items below the $2500 threshold for an expense. 

These ‘inspectors’ typically issue infractions on items that requires a landlord to pull permits for no good reason.It’s not fair.