we made a full price offer but asked for repair allowance of $35,000 and closed it at $615,000 for 7 unit rental.

As these properties are all paid off in full, we are considering re-financing a few of them at some point for repairs, but also to potentially expand the portfolio as well.Thanks again,Phil 

When pushing for a lower offer, always provide a clear justification, like market trends or repair costs, to make your reasoning sound logical.

I realize all attorneys differ and it could be hourly or flat but I want to do some research before hand.The plan is to sell as I have no interest in keeping it so there won’t be any repairs, if any, until the redemption period is over.

You should have a clear understanding of property tax rates, insurance costs, repair costs, utilities, landscaping etc.Any buyer must develop their own proforma and that is what should be relied on.

I'm new to the community and looking to buy a foreclosure as my primary residence and my first BRRR (of sorts)I am a General Contractor so the repairs do not scare me at all.

There is ZERO chance the repair would be made within the guest’s stay. 5 days is a fast repair for a warranty company. 10-14 days for the first attempt is more likely. 

I am taking care of the properties for them (repairs, getting tenants, etc.).

IMO here are some issues;#1 Do you have experience with foundation repairs?

The lease already spells out the property owner's responsibilities regarding who is responsible for the repair of certain items like the fridge and AC.