Pick your dilemma - tenant quits paying rent and squats in the house for 2 months while you spend $1,000 to evict them, the AC goes out and it's $5,000 to repair, you need a new water heater, or roof, etc.  

Having resources to get major things repaired same day in order to preserve a stay.

The Assessments levied by the Association shall be used exclusively for payment of Common Expenses including, without limitation (i) the upkeep, maintenance and improvement of the Common Areas and other maintenance obligations set forth in Sections 10.1 and 10.3 below; (ii) maintenance, repair, replacement, and operation of rights-of-way and easements within or immediately adjacent to the Project (e.g. landscaping and sidewalks within the right-of-way of adjoining streets) to the extent that such actions are required by government entities or deemed appropriate by the Board, (iii) promoting the recreation, health, safety and welfare of the Owners and other lawful occupants of Lots within the Property, (iv) payment of property taxes for the Common Area; (v) insurance premiums; (vi) legal and accounting fees; (vii) management fees; (viii) charges for utilities and other services provided to the Common Area by the Association, if any, and for all utility charges paid or incurred by the City and reimbursed by the Association for street lights in the Common Area; (ix) costs to maintain the entrance features, including any electricity, landscaping and irrigation expenses associated therewith; (x) the performance and exercise by the Association of its rights, duties and obligations under the Project Documents, and (xi) maintaining any Stormwater Control Facilities located on portions of Common Areas to the standard required by the governmental entity or agency having jurisdiction over such areas.

If one day the fence crumples and collapses due to the neighbor's dog lunging toward the fence and I need to repair or replace the fence, how should I discuss with my neighbor? 

Be sure to spell out in your leases if you do go this route who is responsible for repairs to this type of damage.

If you opt for a DSCR loan and choose to escrow the repair funds, you'll only pay interest on the amount as you use it.

It then asks them to provide at least three days/times they are available for a technician to make the repair. 

Essentially, is this home superior or inferior and can it pull an after repair value closer to $160K than $142K?

So I'm leary of getting into another contract and being left with a ghetto laundry room in a couple years.Those machines I sent link to from Home Depot are around $1200/each so was curious if you come out ahead to buy them and just have an appliance repair out when they break??

I was just under contract for a duplex that needed 2 repairs prior to closing that would have cost in the $7500-10,000 range.