This would not offer any protection, but it would set out the details in order to avoid the potential internal disputes described above.

The study should describe the methodology and the steps taken to determine costs and classify assets.Use of appropriate documentationThe documentation varies depending on if the property is new or used construction.

Even on the scenario you described above, there are renovation loans that will only need 5% down...meaning, 5% of your purchase price and rehab cost.  

Make sure they describe their process from start to finish.

David Greene’s book does well to describe the questions a would be investor should have for them, but I am curious about the other side. 

@Jack Gray I agree with @bruce I typically see what you described cost around $2-$4k with my local mold guy.

You probably have no right to do as you have described (of course, depends on exactly what's in the contract.)

In it, it describes in explicit detail what needs to be cleaned upon vacating a unit, and what charges will be be incurred if the tenant does not clean to that expectation.Regarding your utilities issue, I have the following clause in the move out agreement: LEAVE ALL UTILITIES ON.

@Vivian Sung, since we do not have the complete picture here, it's hard to do a more in-depth analysis.From what you are describing, it sounds like an approximately $285k purchase price?

That's the only choice I have.I hope this makes sense how I am describing it.