The security deposit is approximately 10% of total repairs so it won't cover most of the damages.

If a major expense comes about (i.e. roofing repair, hvac, etc) we would split that as well.

My close to 1% cash flow house has tenant calling for repairs 9 times in 12 months (out of owning it 18 months).

Can someone tell me if this is correct: if the owner redeems they have to pay the full bid price, fees and court costs, 10% interest, and any “necessary” repairs (what constitutes that)?

The seller will not let us extend due diligence and will just put it back on the market and said he could do these repairs for half of the cost of the low bid (~5k).

I've found that what I value most in regards to real estate investing are the people who know about actual home repair and can approach a sale from that perspective.

It does not cash flow now with the increase but if I raised the rent it would cash flow a couple of hundred dollars a month (the home is paid in full), at this point I'm losing money (between the tax increase and repairs)Are you betting on appreciation in your investment strategy?

You could add being available to schedule repairs and make remedies to owners out of state or are too busy to do it themselves.

There is not enough money in the associations reserves (built up over time from members monthly association dues)  to pay for the repair of three roofs.

First, if you have a tax guy, he should answer these questions and not us.Second, it is unclear who is managing the repairs - you or your property manager.