Thanks,JaredI'd only pursue this if there is an big upside for appreciation, or if you planned on keeping the house forever as a rental.Run the numbers, subtract 15% a year for vacancy and on going maintenance and repairs during each year, subtract 15% per year for maintenance and repairs to get it market ready once you decide to sell it.Example if you were to keep it for 5 years and sell at the end of five years:12x$200=$2400 year gross profit15% for vacancy, maintenance, repairs ($-360.00 per year)= $2040 gross profit per year15% set aside to repair, repaint, replace to get ready to sell on market = $1800 $7000-$8000 net for 5 years of rental.Appreciation over the term you would keep it would be the only incentive, and it could be a big reason why to rent it.

Then all you realistically can do is manage bookings, delegate to handymen for repairs and hire cleaning service.

@Derek BellWhat would the after repair cap rate be with a 362,000 NOI?

If the HVAC goes out the warranty will pick up the repair and/or replacement.

How much will be due in repairs over the next five years? 

Yes, I would contact the pest control company and demand they pay the cost of repairing this.

The more you know about what is involved in renovations and repairs, the better suited you will be to take on any project.But, real estate is capital intensive.  

But, be warned, GPs - if you threaten your LPs for posting generally accurate negative stuff about you on BiggerPockets, we will make a public example of you for all to see.Now that is expectations and the way standard operating procedures should be for handling these situations! 

For a BRRR cash-out refi, lenders typically go by the ARV (After Repair Value), not just purchase + repair costs.

My best advice for a new wholesaler is to learn your repair costs.