One thing I see is its common in our market to do sewer scopes even on new construction.. out east its rarely done and many people end up with having to replace the waste line. 

I've done some reading and searching through the forums but haven't really found the answer I'm looking for (i'm sure it there I just can't find it).I know this is common inquiry but like I said I'm not seeing my question answered. 

Is this a pretty common formula lenders use?

The question I have, what is the common practice in this case related to the lease agent fees.

Again, would you mind explaining your rationale since I have read it's common for contracts to be 1-3 years.4.

If it’s common meter, budget for it, monitor it, and pay for it yourself.

@Jasraj Singh that's a common misperception.

While I'm sure you got the answer you were looking for already, I just wanted to hop in here and let you know your question is more common than you may think, so don't feel as if it were a bad one.Happy investing, and I hope to see you around the forums.

Basement: Inspect beams and other items for wood destroying pests, check foundation walls for mold, look for evidence of sewer backups, check emergency lighting through common areas, check water tanks. 

Typically in markets in that price range people aren't willing to sell for that far below market and investors are willing to take lower returns than elsewhere, at least that is the case in CA where prices like that are fairly common.