I'm going to send a request for repairs form.

Accurately budget for repairs with a buffer for surprises, aiming for a 10-20% ROI.

I usually suggest to my clients the equivalent of 3 months’ rent held in escrow and double the daily rent rate to be charged in the rent-back agreement starting after agreed upon move-out date if they are not out, with seller maintaining all utilities and repairs on appliances and systems until move out, especially if you’re planning to renovate, anyway.

It is written by an attorney and from it, I learned all the procedures and rules that lawyers use to successfully navigate court.

Then I would take the proceeds and invest in something locally that is more rent-ready to start your journey without the collar of repairs.

As stated, if an owner has the rent checks go directly to them, tenants call a Maintenace coordinator to handle repairs, and have an attorney, what more do they need ?

I’d suggest drafting a solid agreement upfront that covers everything—ownership percentage, costs (mortgage, repairs, utilities), how profit is split, and even exit strategies if one of you wants out.

This means all the tenants rent and other income less all the repairs and mgmt fees..You shouldn't need to look at that many reports.

This will probably be unpopular but you should save for a few more years even if you save enough for your down payment, if you are exhausting all your savings, you will struggle with any unexpected repairs.

Some are incredibly simple and require little to no repairs.