I've seen a few approaches lenders take with this.

Some providers take the approach that a furnace or water heater with several years of expected life shouldn't be replaced in the rehab, but that the final product should be priced accordingly. 

@Rich Ramjatan thank you for responding.After 19 years I'm back on the field because our good work ethic boomers are retiring and haven't found a new wave.On a "try out" of partnership with my 10 plus year sub hanger, since the work force ain't around.Don't make me wrong I love doing it but I know I need to concentrate more on current and future customer to keep the name customer relationship healthy !!

wholesaler approached me with it How did you finance this deal?

First time posting in quite a while and wanted to get some advice on how to approach this scenario.We’ve been living in our current home (condo) for 3 years which we purchased with a VA loan.

So you may want to pull the trigger and get a rate lock before you miss these rates.When you own properties you can also take out a HELOC after you purchase the home if repairs are needed above your initial cost approach.

As long as you are providing a well maintained home, the rest should all have a strategic business approach to it, not personal.

This approach seems to provide ANONYMITY + ASSET PROTECTION LAYERS.

A slightly less volatile approach, depending on the state the property is in, would be to do a JV (joint venture).

The approach will be a manager-managed LLC with a general partner and 200 limited partners.