@Gene PanicciaManagement fees vary, but it's not uncommon for a PM to charge fees for managing tenant-paid utilities or coordinating repairs.

If you’re paying off more than $1,500/mo I’d probably keep it barring any major upcoming capex. (3-5 years out so buyer wouldn’t automatically ask for it to be repaired at sale.)Good luck either way. 

That, more than anything will help you answer the question "how much do I need to estimate for repairs"? 

You can save a lot on costs if you do many repairs yourself.Look into hard money lenders or private lenders for the initial purchase and rehab.Connect with wholesalers, agents specializing in investment properties, and other BRRRR investors to find deals and learn more.

They'd be much better off being a Hard Money Lender and make 5 times that (and every repair to their "investment house" is paid by them...So, if you put $10k down on a property and make $150/month net cash flow your Coc Return (annualized) is 18% which is Very Good.If you followed that and understand it then keep looking for a deal.

It's a good practice to overestimate costs and underestimate after-repair values (ARV) to keep your expectations realistic.

When they move out and i paint over the spackle repairs it is usually undetectable. 

FHA loans are a great way to get started with a small down payment, but make sure you have some reserves for things like repairs and vacancies.

Feedback has not suggested property needs additional repairs/work, only that they are looking in a different area.

I'm totally good with some sweat equity but I'm not in a position to do Roof, siding, structural repairs and such.