How do you handle repairs, compared with other B+ and A type real estate classes?

But the best ways to get started are, in my opinion: 1) save up enough for a 10-20% down payment and then save a lot more on top of that for reserves, overages, and any unforeseen repairs.    2) have your financial house in order and have credit above 700 to get more favorable rate and terms from lenders.   3) speak to a loan officer that is experienced with fix and flips and get the necessary documents together for a pre approval (typically not much required, usually a valid ID, LLC docs if any, and two months of bank statements showing funds for down payment and reserves). 

I had a busted sewer pipe in there, which has been repaired and everything has dried up, and appears to be staying dry.

Who is providing you with the reno budget and who will do the repairs? 

Offer mom and pop landlords a headache-free tenancy including Free Maintenance for all minor repairs.

Many of these make more profit on a bottle of soda than on 10 gallons of gas.The other model is Gas + auto repair / inspection / sales. 

Purchases Price 170,000 Cash invested 35,000Hard money at 10%Repair cost: 40,000ARV: 275,000 (TBD!)

300k - 5% down at 7% yields about 2800 mortgage, PMI, insfor easy number after reserves for cap-ex, repairs, vacancy, water/sewage - $3800I do not plan to live in the property.

Issues like contractor delays, supply shortages, or unforeseen repairs can extend your timeline, which adds to your holding costs (mortgage, utilities, etc.).Tip: Factor in extra time for delays and have a backup plan to stay on track.Over-Renovating: Many new investors fall into the trap of over-improving a property, especially when they try to bring in their own taste.

Then literally hundreds of these of come across my desk seeking financing - and typically the pro forma looks great while the actual historical financials show almost no more profit than Simple long term rentals after paying management fees, higher interest rates necessary for these type properties, increased repairs and maintenance, and faster depreciation.There’s also a personal reason I don’t invest in these properties ( I DO finance them).