This comes with the expectation that I'll handle most of the minor things the property needs, but I don't have to pay for materials or tools to fix things.

The uniform grey looks pretty good when installed correctly and it is a very tough material.

They retain your membership interest in the LLC. 

There are 3 safe harbors available to you-De Minimis Safe Harbor ElectionSafe Harbor Election for Small Taxpayers (sounds a bit condescending)Safe Harbor for Routine MaintenanceCheck these out...Frankly given the amount, and what you are doing (low materiality to the plumbing system unit of property), I would expense it.

I thought security deposits had to be retained on hand. 

It has been good to retain them for so long and section 8 has been good with increasing the rents each year. 

All the "experts" told me it wouldn't work.... lol smh, my first deal all my material was free and I sold $110k in sponsorships.

If you are a serial flipper and mostly focused in the same part of the country, maybe you can sign a retainer style contract.

Unless the foreclosing party still retains title, then the redemption amount is the loan Total Payoff.  

All prices are per sq ft, labor and materials, based on 800 sq ft unit:Demo $1Paint  $3Electrical $1.50Flooring (LVP snap and click): $4.75Granite $3Appliances $3Cabinet refinishing: $1Tub refinishing $1