(Foundation, etc)4) Black mold, asbestos, lead paint, other other costly repairs. 5) It need significant cosmetic repairs where the purchase price just isn't worth it. 6) They may have an odd layout of the rooms. 7) Non-compliant septic.8) Trouble with permits or tenants9) Listing agent has a poor or incorrect listing.

With my own portfolio I generally underwrite with 10% for repairs, 10% for cap ex, 5 percent for vacancy. 

Could I instead hire foundation repair and soil stabilization services to prevent foundation issues?

That aside, If it were me I'd get a professional estimate of what repairs would cost, and make the decision to keep or sell based on that. 

You can get a HELOC if there is equity in the property most likely, which there should be since you own it in cash, but you will just be decreasing your pay out and then may end up short in repair money, depending on how much it is worth.

They obviously cannot control some costs, but they do have input on things like maintenance and repairs and some other things.

Common deductible expenses include mortgage interest, property management fees, repairs, and even travel expenses related to property management.

I’d like more information on the DCSR lenders if anyone has specific recommendations.Also, if anyone needs advice or repairs/ replacement on plumbing feel free to send me a message! 

Next, plan on inspecting your properties every 90 days; you can communicate this to the tenant as you ensuring the property is in good order and to help you plan for repairs/future improvements. 

Any repair issues the new acquisition has you will feel to much greater magnitude due to the property carrying a lot of debt.