I don't expect a tenant to wait weeks for appliances to be repaired or replaced.

If a landlord needs to enter a property for an inspection or repair, a two-day notice is required.

I inherited the home I had been living in from my mother which needs some repairs in order to be rental ready- no mortgage on it.

I've also read there are options where you agree to pay the first $7000 of repairs and the seller cover the rest.

If an inspector finds the outlets aren’t up to code, the parties might negotiate a credit from the seller to address the issue, with any further repairs being the buyer’s responsibility.

If the window will not stay in the open position, an inspector, who checks that specific window, will fail it and require repair in most jurisdictions.  

Just be mindful of FHA loan limits, potential refinancing delays, and keep a reserve fund for any unexpected repairs.

The good news is that you can fill out a form, provide the receipt of the repair, and they will credit you about 1/2 of the bill

In addition you need to budget for maintenance/repair, capital expenses, and also to cover the vacancy/turnover the next time a tenant leaves you.

The formula calculates the maximum amount to pay for a given property once two key factors—the after-repair value (ARV) and estimated repair costs (ERC)—are considered.The 70% Rule Further ExplainedThe 70% rule states that real estate investors shouldn’t pay more than 70% of the ARV minus the repairs needed.