I've seen flippers estimate $23- $30/sq ft for rehab cost for the bare necessities (paint, flooring, new kitchen and bath).Also, if you are looking for a deal I wouldn't bother looking on the mls.

Became a landlord by necessity when we couldn't sell our old condo, but then lucked into the condo being cash flow positive so looking to replicate.

Even when I think i'am going into my necessities way too much I remember "ooo I still have a ton that I saved on the side" it because automatic.

Since this is true, I council people in similar positions to buy  from a buy-and-hold perspective to be safe in this market, but look for the one's where raising rents is a real option and any deferred maintenance is minimized to aesthetics and minor fixes (a good home inspector is an absolute necessity on these deals!).  

AC and water leaking in the basement may or may not be an issue of necessity.

Jason Radzyminski Would having more than three bathrooms just be an issue with non necessity?

I know it's not a necessity, but I feel it couldn't hurt and it definitely would benefit me to have my license.

This assumption leads into another, that they would likely entertain the idea of more money for an appurtenant.Success rates with applying for "easement of necessity"?  

Calculators, like the ones here at BP are a necessity along with accurate comps  (I pay a hefty monthly fee for access to real comparables).  

This subsection does not apply to a lien or encumbrance placed on the property that is:(1) placed on the property because of the conduct of the purchaser;(2) agreed to by the purchaser as a condition of a loan obtained to place improvements on the property, including utility or fire protection improvements; or(3) placed on the property by the seller prior to the execution of the contract in exchange for a loan used only to purchase the property if:(A) the seller, not later than the third day before the date the contract is executed, notifies the purchaser in a separate written disclosure:(i) of the name, address, and phone number of the lienholder or, if applicable, servicer of the loan;(ii) of the loan number and outstanding balance of the loan;(iii) of the monthly payments due on the loan and the due date of those payments; and(iv) in 14-point type that, if the seller fails to make timely payments to the lienholder, the lienholder may attempt to collect the debt by foreclosing on the lien and selling the property at a foreclosure sale;(B) the lien:(i) is attached only to the property sold to the purchaser under the contract; and(ii) secures indebtedness that, at no time, is or will be greater in amount than the amount of the total outstanding balance owed by the purchaser under the executory contract;(C) the lienholder:(i) does not prohibit the property from being encumbered by an executory contract; and(ii) consents to verify the status of the loan on request of the purchaser and to accept payments directly from the purchaser if the seller defaults on the loan; and(D) the following covenants are placed in the executory contract:(i) a covenant that obligates the seller to make timely payments on the loan and to give monthly statements to the purchaser reflecting the amount paid to the lienholder, the date the lienholder receives the payment, and the information described by Paragraph (A);(ii) a covenant that obligates the seller, not later than the third day the seller receives or has actual knowledge of a document or an event described by this subparagraph, to notify the purchaser in writing in 14-point type that the seller has been sent a notice of default, notice of acceleration, or notice of foreclosure or has been sued in connection with a lien on the property and to attach a copy of all related documents received to the written notice; and(iii) a covenant that warrants that if the seller does not make timely payments on the loan or any other indebtedness secured by the property, the purchaser may, without notice, cure any deficiency with a lienholder directly and deduct from the total outstanding balance owed by the purchaser under the executory contract, without the necessity of judicial action, 150 percent of any amount paid to the lienholder.