Obviously, I don’t have a magic crystal ball so I cant perfectly estimate the cost of such expenses when they pop up but I can at least budget for them (which is the case in the example above).Regarding your second point, if the market is down, I could still hold the property.

They're motivated and have received one low-ball owner-financed offer that they are considering.5 units are 2 br/1 ba and 1 unit is an efficiency.

It makes sense how agents would tire of this and I would want to respect their time as I am new to the investing world and I would like to make low ball offers to ensure my first deal is a successful one.

I reckon I could be the money partner in a few JVPs to get my feet wetSorry for the rambling intro, if you've stuck through reading the wall of text I want to say thanks and I hope to connect and keep the ball rolling with you fine folks! 

Have already done the analysis but I would like to bypass the agent set to list it and make a low ball offer directly to the seller.

Isaac , this is a very ambitious project my friend.I would start with Bildwise ,they have extensive experience in this market,and contractors they use all the time,which gives them consistency.They can probably ball park it for you first and then do a detailed sow if you choose .Disclaimer :I have no affiliation with BildwisePlease keep us in the loop with progress 

I wouldnt take them as fact but they're usually in the same ball park and can get you going.  

Don’t also attempt to advance the ball in Issues B and C if they can wait a moment.

Hello BP Friends,We have dropped the ball. 

I have heard of rare cases when lenders and owners drop the ball in which case they will redeem it and you make 25% (in Texas).