So circumstances may force me to pay more.The building needs about 20-40k in repairs.

Neglecting them does.  

If they provide a number you would need to know every imanigable detail about the property and the circumstances surrounding the repair before that number could be of any value.Likely percentages is the best you can do.

You'd need to talk to a lawyer about what you have to do, but there's always the possibility of a plaintiff piercing the corporate veil, depending on circumstances.

I enjoy answering questions or helping others so this was a great way to get to those posts they are neglected. 

However, it only works in very specific circumstances under very specific conditions.  

OR worse, there are "Zombie homes" that are simply being neglected and need some TLC.

Because is a clear sign of neglect. 

The ultimate goal would be to acquire or flip, but inevitably circumstances will likely end up presenting themselves as opportunities to either wholesale or list properties as an agent. 

In fact, my I can reduce my overhead/profit number because I'll be comfortable I won't incur surprise costs like having to eat a $2k change order for unknown circumstances or having to pay interest on your $10k material bill because you won't pay me for 45 days.