If you go ahead and pull the tank you are looking at $4000 to $6000. 

Here are some guidelines in terms of doing it yourself. https://www.epa.gov/lead/renovation-repair-and-pai...You'll need to complete the Lead-Based Paint Disclosure when you're ready to sell, which your Realtor should provide to you.Thx, Dan

In mine, there isn’t, since the only people who purchase those are investors and don’t get the homeowner appreciation bump.Also, I think that your estimate of $1000/yr in repairs is low.

Calculate repair costs at 20% instead of 5%. 

So yeah trying to figure out all the pieces ahead of time...

Power outages, flooding, it was difficult if not impossible to get any contractors to come do any repair or clean up. 

I was conservative on the rents expected and added value after repairs.

@Youssef Menkhour congrats on securing your first property and negotiating on your second.I agree that landlord expect a negotiation after the inspection (as they know the repairs that are needed) but there are a few that wont budge.

Seller will pay liens on title as long as no additional repairs are needed.

College town properties often require investors to budget for higher insurance and repair costs.