NEW INVESTOR HOUSE FLIPPING QUESTION

[Michael Dickey]

Hello, I am brand new into real estate investing and I want to get into rentals. I good with my hands and so willing to take on something that requires a bit of work to get into shape. I understand the 1% and 2% rules for buying, but how does repairs to get a place livable come into play with renting? 

For example: a 100,000 dollar home that would rent for 2,000 dollars a month when in good shape. How much should I be willing to put into the home? Should I simply just calculate that into my buying price?