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

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

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 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.

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.

An investment property only requires 15% down even up to 4 units and only 10% down for a Second/Vacation home.When you talk to the Bank for example we run the numbers to ensure you have enough money to cover downpayments, closing costs, renovation/repair money etc. 

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

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. 

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

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.