I bought 1 House out right, I am refinancing for 100k. had 1 renter paying 1000. using the refinance to purchase the second property, and putting renter for 1400. it will also need 25k in repairs.

The study could also identify the opportunity to capture additional benefits such as dispositions, and repair and maintenance expenditures.

Roof repairs, broken this, broken that.

It's a good practice to overestimate costs and underestimate after-repair values (ARV) to keep your expectations realistic.

That aside, If it were me I'd get a professional estimate of what repairs would cost, and make the decision to keep or sell based on that. 

Acquisition Target: $730K-$780K; ARV: $900K; Repairs: $120K.

It will need approximately 20k in repairs and have a ARV of 80 to 120k.

They have since moved on to a new manager that is in close communication with me to get the repairs done and SDIRA is even offering to pay me the missing rent for December that the evicted tenant never paid.

If the age of your equipment is older, or it stops functioning, those repairs can also add up.

If we rent the unit at $1,425, I have an estimated monthly cashflow of $302 (rent at $1450, cashflow is $325) I DO include vacancy, repairs, and cap exp in my Box2 Expenses.