For example some items during the rehab might need to be brought up to code, completely replaced or might break from other rehab going on due to old age.

In the future, this may be a good item to clearly call out responsibility in your lease, if it is not already.

@Karla Sosa - I don't know Bakersfield intimately, but when I evaluate a market in general there are several items I consider: Population growth, Income Levels, Crime levels, poverty levels, Rent/Price ratio for the property type your considering, landlord laws, and industry mix.

.✅ The Deal Numbers – Include a breakdown of:Purchase priceEstimated rehab costs (line-item budget is even better)After-repair value (with comps)Your profit projections✅ Photos – Before photos, neighborhood shots, and sample finish ideas if you have them.

Moving and assembling furniture, buying all of the necessary items.

A good home inspector will already be checking for electrical / plumbing / age or condition of roof and other everyday items like those so it should be in the general home inspection report you requested.

Wait until an HVAC or roof fully goes, usually looking at $5k single item repair cost.

This is common, and you want to make sure you fully understand this before entering into an agreement.4.) make a good list of the deferred maintenance items.  

Did they provide a list of must-do and optional make ready items?   

Quote from contractor, see how much it is and if you can afford it to convert to a permitted room and do the other remodel items in question.