To repair the pipe it is pretty easy - dig, cut out the pipe, and replace it.

We also try not to install fridges with water dispensers or ice makers but if we do, we put in our rental agreement that tenant is responsible for any repair to water/ice makers. 

Don't even get me started on windows; old windows look quaint and can be repaired but just suck all the way around compared to new windows. 

If you plan on refinancing it in the short/long term, perhaps taking the higher rate and take the $2300 so you can re-allocate the money on your repairs or closing costs for the refinance.

There will be an influx of workers to help repair the area and adjusters for all those file claims that will need short term housing.

Because the cost of repairs is so high I do need to pencil in $300-$500 in positive cash flow for repairs which will come up yearly.  

Risk Assessment: Consider vacancy rates, potential repairs, and unexpected expenses.Once you're comfortable analyzing a few deals, you’ll be in a great spot to pull the trigger on your first property.If you need help with financing or want advice on what options might work for you, feel free to reach out.

The repair work was estimated at over $10k, including foundation work, so I used the escape clause that their contract had in it.

Or to pay for a repair, you can’t provide it, you can’t borrow it, etc etc.

I'm also making the assumption (which i would have inspected) that no "major" structural repair is required.Home ListingBP Fix & Flip ReportRehab Estimate Report