This targets family’s between homes, either because they just moved to the area; have a definitive time work contract; current house is being rebuilt/remodeled/repaired; students with “rich” parents; recent separated/divorced who needs space for children visits; Houston medical center stays; etc.  

The current owner bought it for $30K and I know they had to clean up a lot of title work and started doing repairs. 

I've found an off-market property that would require $175k purchase, $35k down, $20k in repairs, with a conservative ARV of $235k. 

Hey All, I’ve found an off market duplex in need of some repair (estimate unknown as I haven’t been inside yet).

Plus, you have to turn the unit over- paint, carpet, etc repairs?

Telling sellers everything wrong with their house and justifying your offer with repair costs doesn’t build trust—it kills it.

2 are not cashflowing with the required expenses for vacancy at 10%, repairs at 10% and capital expenditures at 5%.

Protects the Structure: Removing dirt and pollutants prevents material degradation and costly repairs.

I'd be able to put 20% down on each and have money left over for some repairs/updates.It seems like I'd initially take on more stress, less initial return but the long term scalability seems great.  

It may make sense for the right purchaser to repair.