Generally speaking, the responsibility for repairs like this depends on the lease terms and local landlord-tenant laws.If it was a malfunction with the lock (wear and tear), it could be considered the landlord's responsibility to cover the cost, since maintaining the unit in a habitable condition is part of our duty.

These lenders typically cover the purchase and rehab costs because they’re more focused on the value of the property than your personal financials.Rehab: Use the borrowed funds to fix up the property, adding value by making necessary repairs or improvements.

Quote from @John Federic: I ran some numbers for you using the Cashflow Analyzer Pro from AssetAFC.com (see the attached picture).From my perspective, this deal still looks acceptable, even though it won’t cash flow in the first year, assuming a 5% vacancy and 5% for repairs.

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?

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.

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

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

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?

Open a HELOC for repair costs.