And as the buyer (my colleague) is now getting closer to closing it's starting to look like it might be worth just cleaning the place out and doing a very low cost rehab (paint, pressure wash and handyman repairs) for a quick sale.

I guess I am looking for management software because I really want the rent collection but I also love the fact that I can have multiple tenants info, send in repair request ect.

It says that I should take the cost of the repair and divide it by how many years it will last and divide that number by 12 months to get the dollar amount that I should be tucking away every month for that expense.For Example: Let’s say it’s a $20,000 roof that will last 10 years. 20000 ÷ 10 ÷ 12 = 166This formula states that I should be setting aside $166 per month for this expense. 

You may wish to consider taking the property subject to and giving the end buyer a sweat equity lease option or lease purchase with the one time right to assign the option/purchase agreement once repairs are complete.If the sellers options are really limited he might just have to buy a cheaper home. 

In that time the water heater (brand new and installed 2022) built up soot on the ignition area, at one point the tenant repaired themselves and it worked but went out again.

I am curious about your thoughts on the new Assembly Bill 968 (AB-968), effective July 1, which mandates comprehensive disclosure of repairs and renovations from sellers who flip one-to-four-unit properties within 18 months of purchase.Thank you. 

In this case I would say that for maintenance, you would be best off paying per trip/hourly for the cost of any repairs at whatever is an average median rate for a repair man in your area.

Repairs and maintenance will be significantly higher, because you are responsible for furnishings, appliances, HVAC, linens, pots, pans, etc.

I am buying flips at 70%ARV -repairs although I am looking at on market and off market deals and sorting through a lot of junk deals on a daily basis.

Cap Ex again quite high on this property, lots of repairs and issues water heater replacement, bathroom tub replacement etc.