how is the credibility package coming? did you find 3 offers to make yet?

@Fabrice Siellinou you've got this! That is awesome your credibility packet is done, that is a big win! Now go get on some calls with close friends/family to flush out any hiccups in your presentation....but still ask for referrals after you get their feedback :-)

Did you decide to have the structural guy take a look?

@Benjamin Rosales If your goal is “turn-key/cosmetic” for your first few buy-and-holds (and you’re out-of-state), this one reads like a heavier rehab than you want. Major issues from the inspection: rotted floor joist in the crawlspace (structural), roof sheathing damage tied to missing drip edge + rotted rafter tails (roofing/trim), exposed/loose electrical and missing drip loop (life-safety), water heater is 2006 with a leaking TPR (replace), damaged/uninsulated ducts, and exterior wood/siding rot needing real carpentry + paint. That’s beyond “cosmetic.” My advice: 1. Either negotiate hard or walk. For a first deal, I’d pass unless the price reflects a full repair budget + contingency. 2. If you negotiate, anchor with a bundled concession based on rough ranges: structural/joist & porch $5k–$15k, roofing/drip edge/sheathing/rafter tails $6k–$18k, exterior siding/trim/paint $6k–$15k, electrical corrections $2k–$6k, duct repairs/insulation $1k–$3k, new 50-gal electric water heater $1.2k–$2k, chimney/masonry $2k–$6k, misc. safety (handrails, GFCIs, etc.) $500–$2k. That’s ~ $24k–$67k. On a $180k contract, I’d open near $145k–$155k or ask for equivalent seller credits/repairs by licensed pros with receipts. 3. Get a structural engineer letter to quantify the floor/foundation items before you commit (typical ~$300 and worth it). The report already flags a rotted joist and foundation concerns. 4. If seller won’t meet price or fix major life-safety/structural items pre-closing, terminate and move to a cleaner, more “turn-key” deal to match your strategy. Bottom line: great learning rep, but not a great first out-of-state rental unless you get a deep discount and licensed repairs tied up in writing.