Purchase price: $274,900 Cash invested: $66,511 Sale price: $400,000 Estimated a lot more on repair cost than actual cost.

If the tenant is not allowing access to do a repair (NEVER in 10 years has this happened to me) you put a 24 notice on the door and go in.

As these properties are all paid off in full, we are considering re-financing a few of them at some point for repairs, but also to potentially expand the portfolio as well.Thanks again,Phil 

If they don’t, they could be forced to rely on reserve funds or even increase dues to cover the shortfall until the homes are repaired or rebuilt.

this offers less repairs and greater rental possibilities because the property is in the best condition posable.Feel free to connect for any more information.  

Easy return, purchased new from the builder, great ROI off the bat. 0 repair cost first few years.

Being harder on the property means more intensive repairs & maintenance, particularly on a unit turn.3) If your focus is just cashflow, this may be a good strategy because the tenants tend to stay longer and the rent is backed by the government. 

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

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.

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