@Diego A.Great to know, especially about the repairs and rental requests.Thank you!

Ask the builder for a timeline, make him commit to a timeframe and scope for repair.

Generally speaking, the responsibility for repairs like this depends on the lease terms and local landlord-tenant laws.If it was a malfunction with the lock (wear and tear), it could be considered the landlord's responsibility to cover the cost, since maintaining the unit in a habitable condition is part of our duty.

There's not much to build with these properties.One metal building for lessees to repair their vehicles. 

In the short term, if your property is still standing and others are heavily damaged, prices could go up due to reduced supply—there are just fewer homes available that aren’t in need of repair.

Quote from @John Federic: I ran some numbers for you using the Cashflow Analyzer Pro from AssetAFC.com (see the attached picture).From my perspective, this deal still looks acceptable, even though it won’t cash flow in the first year, assuming a 5% vacancy and 5% for repairs.

These lenders typically cover the purchase and rehab costs because they’re more focused on the value of the property than your personal financials.Rehab: Use the borrowed funds to fix up the property, adding value by making necessary repairs or improvements.

Open a HELOC for repair costs.

The PM coordinates cleanings, repairs, maintenance, mowing the lawn, etc.These transactions would involve a TIC.

I’m looking to purchase a duplex in Charlotte, with one unit being turn-key and the other in need of repairs.