For example:A quadruplex at $500,000 with 0% down and an interest rate of 5.75% with property taxes of 0.6%, $4,000/year in home insurance and $5,000/year in repairs will have a total out of pocket of $3,980.60/month.

Expect to put 30-40% down on the property and then consult a self-directed IRA specialist to make sure you understand all the nuances of how to manage the property and pay for repairs. 

I had one friend who tried this and finally went to go visit the property and it had holes in the walls etc that the contractor never fixed but they did not know it until they visited I have not been in the property but my local contractor did all the repairs and I did a walkthrough via facetime and viewed pictures of the home.

You can deduct expenses like mortgage interest, property taxes, utilities, and repairs proportional to the rental space.

Because I asked my realtor if the landlord could repair some things and she said ""as is" means they won't do any repairs.

I believe the water damage is the root cause of the mold problem, and I’m considering filing an insurance claim to cover the repairs and remediation.For those who have gone through this process, what steps should I take to ensure the claim is handled properly?

My property manager provided a quote for repairs.

I'm supposed to close on two this upcoming Wednesday and on Friday afternoon they requested repairs that had to be done before they would close.  

Fresh paint throughout, minor repairs, updated outlets/switches, backsplash tile in kitchen/bathroom.

I recommend Class A or B, not Class C if you're going to buy OOS and fly out to the areaAnytime a  turnkey provider, wholesaler, seller, agent etc that shows you a spreadsheet number with cash flow, appreciation, repairs, capital expenses etc those are ideal scenarios.