BRRRR, Fix Flip, taxes, deal analysis, market analysis, marketing, financing, etc.  

When you charge under market rent, the IRS deems that you do not have a profit motive and, therefore, disallows all rental expenses. 

There is a lot of public info out there on their funds and how they are (not) performing.  

Meaning that if you fund a $5K EMD and then decide not to close you lose the EMD, or you pay for an inspection up front and risk missing out on the deal while you're waiting for the report.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

Whoever gives me the most business and has an excellent close record will first be presented with off-market opportunities. 

Which gives me much more control of the money/asset management than just leaving it in the market for alot more years.

Ideally, you layout all the duties (Find, Underwrite, fund, rehab, manage) and assign a value to each of those based on how much time they might take. 

It may take 1-2 years and by the end you will have forced some appreciation from the renovations but also got some natural appreciation from the market.

So either you pay for the repair out of the idle cash in your account, file an insurance claim and use those funds, or rollover/transfer funds from another retirement account to cover the cost.