It doesn't cover any loss of income due to your rental being repaired.

(Foundation, etc)4) Black mold, asbestos, lead paint, other other costly repairs. 5) It need significant cosmetic repairs where the purchase price just isn't worth it. 6) They may have an odd layout of the rooms. 7) Non-compliant septic.8) Trouble with permits or tenants9) Listing agent has a poor or incorrect listing.

We are splitting up capital contributions at 50%, but see having different involvements in the repair process.

. $6000 repair. 

It was in rough condition, which limited competition and made it a strong candidate for the BRRRR method.Negotiation: After analyzing comps and repair costs, I negotiated a $420,000 purchase price, which was below the market value for similar properties in the area.

As an example I was looking at a multi unit, smaller building and within 90 seconds of viewing the proforma I saw the maintenance/repair figures were "low".

There are ups and downs with any property and there will always be variables with tenants, rents, repairs etc.

Maybe seller financing.But let me ask this question, what happens if in the third month the furnace goes and needs $2000 worth of repairs?

Could I instead hire foundation repair and soil stabilization services to prevent foundation issues?

It's also rare you buy these properties with 20-25% and have NOTHING you need to address almost immediately in terms of repairs or capex.