Don't even get me started on windows; old windows look quaint and can be repaired but just suck all the way around compared to new windows. 

Because the cost of repairs is so high I do need to pencil in $300-$500 in positive cash flow for repairs which will come up yearly.  

We also try not to install fridges with water dispensers or ice makers but if we do, we put in our rental agreement that tenant is responsible for any repair to water/ice makers. 

If you plan on refinancing it in the short/long term, perhaps taking the higher rate and take the $2300 so you can re-allocate the money on your repairs or closing costs for the refinance.

Risk Assessment: Consider vacancy rates, potential repairs, and unexpected expenses.Once you're comfortable analyzing a few deals, you’ll be in a great spot to pull the trigger on your first property.If you need help with financing or want advice on what options might work for you, feel free to reach out.

Make sure to gather the correct contact information for your representatives and ensure you grasp their inspection procedures.

Be prepared for things like carrying costs, permits, and any surprise repairs that come up.

I'm also making the assumption (which i would have inspected) that no "major" structural repair is required.Home ListingBP Fix & Flip ReportRehab Estimate Report

This wasn't just time, it was constant repairs and handymen visiting the property and fixing things over and over. 

If you need help finding off-market properties, and learning to analyze the cost of repairs I might have a resource you might find useful.