I don’t plan on doing anything until summer and I might just leave it the way it is.

You will take care of repairs under say $200 or $300.

Or you get the feeling the members think its an obligation to answer them with full details of how we make money in our business's, Like write their bizz plan for them. 

@Olga DaiselI think we are lacking some key details of your plan.

We just acquired an existing duplex in Fort Lauderdale and planning on tearing it down and build a new duplex instead.

They may need to be careful on this one as that may impact his DTI ratio. 

Some other factors to consider - How long are you planning to hold this property?

You need a management plan in a market to make it viable.

Some gurus tell practicioners of sub-to to hide transaction from the lender by saying the lender doesn't care as long as the payments are being made.

I position my inspections as 'planning for future repairs/improvements' which mitigates that whole 'he's here to get my security deposit' mindset.And, I would rather have the tenant with me than to have him later claim that something was broken during the inspection.