Can you shed a little light on that one?

If they have concerns regarding that, they should contact the former owner (tread lightly, this may become sticky).

Purchase Price: $287,000Rehab: $17,000Loan: 15% Down Owner Occupied Conventional Loan, 5% Interest Rate 30 Year Fixed.Current Rent Roll: $1750 (Owner Occupied) $3500 upon moveVacancy/Maintenance/Management: 5% for each (but I do self manage) * Rehab included new kitchens (cabinets, hardware, appliances), paint, concrete pad in the back, new bathroom fixtures, light fixtures & outlets swapped

Competition is good comparison is not worth the energy.

So just tread lightly on this because, on the surface, it makes no sense.In any case, here's how you do it.Create an S-Corp whose charter is Property Management. 

Your energies are too dispersed.

Not much value needed to be added other than some light electrical work, appliances, and rent specific needs.

All of this, just to get the house ready for inspection; and then there are still a handful of unknowns that could kill the deal during inspection.On one hand, it seems crazy to invest that much time/energy/money into a property just to get it ready for inspection.On the other, it seems like a silly variable to potentially kill the deal- I've gotten seller down on the price quite a bit and I do feel pretty excited about the property from what I know about it so far, but the projected rehab budget is already stacking up and I'd like to have as much info as I can possibly get regarding other potential rehab costs. 

Hi Adrian,Make sure to remember that when doing your financial analysis, include the real estate tax from the estimate you get from the Tax Authority on what your real estate taxes will be, in light of the purchase price.

You just want to have your income and credit reviewed and then set up with the DPA and its a green light.