I had the sellers redo the power panel, replaced the AC and currently, renovating the rest.

@John Warren FYI, HUD eliminated the Streamline 203k back in September 2015 and replaced it with the Limited 203k, which has similar but different guidelines.

I’m actually replacing the roof once i close on the property.I was thinking of refinancing quickly in 1-3 months with a hard money lender that’s offering me. 6% interest, then wait a a little more (like a year or so) to refinance through a bank with a lower %. that would get me out of the original loan faster and have reserves, could also reinvest some of it into some flips to keep paying off the new refinance loan.But thank you so much for your advice, it was helpful!

This means that in a game of chicken with two ultimatums, the landlords will usually "win", in the sense that they will wait out the non-payment, evict, and replace.  

I thought I was the only one who looked at Physical RE as a replacement for bonds :)... minus the liquidity factor. 

If they don't change the fridge's water filter, the worst that will usually happen is they'll probably end up with funny tasting/smelling water.I have another lease that's a custom lease written up by an attorney, and has a clause that specifically addresses HVAC filters:AIR FILTER REPLACEMENT AND/OR MAINTENANCE RESPONSIBILITY [Landlord check this box if applicable]  The premises is supplied with a replaceable air filter as part of the HVAC system.

For example, with all my time as a landlord, I've only ever had to replace one door.  

Do you have siding that needs to be replaced I repainted every 5 years, or stucco that’s good for 40 years, or is it condo where you don’t pay for it.

The house required a rebuild of the kitchen, floor replacement, and update to the bathrooms.

So maybe cosmetics are in line with what's expected for the area and furnace has been replaced.