Going over an inspection report

[Omer Zakai]

Dear fellows investors, 

After a few weeks of searching,  I finally got my first property under contract ( Whee!!), a 3BR/2bathrooms townhouse in Birmingham, AL ( C+/B- area). I got it for $115K and the estimated rent is around $1,000-$1,050.

I just received the inspection report, and it looks like the property is in good condition; however, some minor repairs are needed. I will love it if someone can spend a few moments going over the report with me and advise me about the next steps ( re-negotiating the price with the seller, estimated repair cost, etc.). This is rental/buy and hold property, not a flip.

Thank you all in advance!

Omer