A crooked seller could abuse the process, too, by not disclosing defects that he knows will be uncovered by the buyer, knowing full well the buyer will probably cancel the contract once the inspection items are discovered, yet the seller gets to keep the option money.

He examined the second-floor bathroom, where silver faucets were offset by walls painted in a “toasted almond” color, a pairing seen in many Starwood Waypoint homes because the firm purchases those items in bulk.

I didn't realize how many items I actually had.

You have your list of items requested, but the money is in the materials.

@Tom Lacey Hi Tom,  your closing costs will include these items for first year and you will be escrowed monthly for the next year and on, so you need to include on monthly expenses.  

I am looking at the very real possibility of a job loss in the near future.

We could potentially move to Charlotte for a couple years and house hack, while we establish ourselves and build a local team before moving on to Asheville.I would love to hear from some local investors in Charlotte on any or all of the items below:What is your opinion of the market?

During the feasibility period you will want to:1) Perform inspections of the property2) Get estoppel certificates from all the tenants3) Get all leases4) Get copies of all financial information, including copies of all expenses paid for at least the last year.5) Get rent roll6) Determine if a certificate of occupancy is required, and find out if the seller has one.Those are a few of the items you will want to see during the feasibility period.As far as the HVAC, if the unit was installed in the 80's, it's well past its useful life.

Get a copy of those items prior to the work starting.

All units are occupied and paying, but there is a loss to lease of about 3-4k /yr like I mentioned but that is above and beyond the $46,800 current rent.