If there is commercial debt, there are often more stringent requirements (having to provide annual financials, etc.) that may influence your decision as well.  

Through these past years, I started reading business books, like Rich Dad Poor Dad by Robert Kiyosaki, listening to positive motivational influencers like Tony Robbins & Les Brown, watch videos of Business Entrepreneurs like Dan Lok, Grant Cardone, Gary Vanerchuck, Tai Lopez, and Stephen Granhams.

Something I’ll take away from this thread is the need to educate and re-educated SMs within my sphere of influence and advise leadership to do the same.

Here in Cleveland, it isn't a dealbreaker, but it could influence your rent. 

It also provides basic pricing ranges and discusses the different factors that influence pricing.Next, I would compile a list of these common repairs into a spreadsheet to help you get organizedOnce you've got your spreadsheet compiled make some trips to Home Depot or Lowes to get a feel for how much materials costs for flooring, tubs, toilets, lighting, etc.As Jim suggested there are good resources for Labor costs such as RS Means, but the best and most accurate source for labor costs is to contact local contractors. 

Each of these influence the calculated value and your decision on what each value should be is based on your own risk assessment.It helps to have some industry and market knowledge to give you more confidence in your underwriting input.

Period.Your deal with the seller has zero influence on your lease with your tenants.

Remember, even with the law, the landlords have the power to influence the tenant's decision. 

The potential tenant is all but telling you that you have zero influence on her... and 2 cats!

But that influence our decision...we just add holding time to the larger projects.