I have a contractor who gave me two options:1) Do the things listed above - which is under the budget I set for the reno as part of the due diligence process2) Do all the 'must-do' items, and also replace the roof (roof is 12-15 years old but passed inspection), vinyl siding, cover the existing hardwood flooring with LVP, and upgrade the kitchen - items that aren't absolutely necessary to do now, but would increase the appraisal and reduce maintenance costs in the future.

.✅ The arbitrage is massive — sometimes thousands in monthly savings just from getting a lower rate.Now, the catch:You’ll likely need to cover the difference between the sale price and the remaining loan balance (that’s your “buy-in”).

Do a background check, and raise the rent a little to cover the extra wear-and-tear.What does your lease say about this?

So I will need at least 1 month-s rent to cover it.

What do people do to cover their basis? 

Data Pulling / CompingIf you’re still comping manually:• PropStream• Privy (underrated if you’re in a covered market)4.

.- Strong language regarding locks on bedroom doors- Cover landlord?

I have also applied for the Greenline grant (a first-time homebuyer assistance program) and am hoping it covers some of the costs, but I won't know if I'll receive the grant or the amount until March, so I'm currently budgeting without it.

Quote from @Theresa Harris:  If she can get a loan to cover what she would have to pay her ex, then she'd also need to get roommates or something to help her with the mortgage payments. 

Tiffany,Check out my profile and send me an email you are not getting the full scope there are some other things they need to cover.