Something will pop up, and it’s important that they have team members to handle a majority of the repairs, and or have recommendations for local companies that can handle what you need3.)

Maintenance and Repairs: - How do you handle maintenance requests from tenants?

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

My calculations are based on 2 sets of numbers - the numbers the seller has provided, and my own calculations accounting for 5% for vacancy, 5% for repair, 5% for capex, 10% for property management and actual costs for property tax/insurance.I am trying to decide if this deal is worth pursuing or if I should walk away due to the premium on the homes.

But the city is giving orders to repair or demolish them.

Open a HELOC for repair costs.

Is it because you plan on using the cabin for personal use as well as an investment, or are you planning on fixing maintenance/repair issues yourselves, or something else all together?

If its a matter of repairs to bring the 5 unusable ones up to par, then get an estimate for those repairs and ask for that amount. 

It turned out to be the right move because he encountered a few unexpected repair issues that would have made monthly payments stressful.

I’ve been driving for dollars in hoping to do some direct mail here soon to possibly find a deal that way where I can use my HELOC only for the purchase and still have some of it leftover for repairs.