The required POS inspections become one added layer to closing a deal, but as you’ve seen, some properties come with completed POS, while others require repair escrows that can add up to around 10-20k. 

I'll be looking for long term rentals that don't need any major repairs initially. 

What if a tenant fails to pay rent, leaves $2,000 in cleaning and repairs, and it takes another month to rent?

Since you're wrapping up paperwork, make sure your lease terms are solid, get the right insurance (landlord + homeowner), and set aside some cash for future repairs.

After repair value: 7.

Personally, I wouldn't open up a home that isn't in good repair, from a liability standpoint if nothing else.

Major repairs are done, taxes up to date.  

lol It says RENTAL HISTORY not PO Box history lol. have you been able to physically talk to the applicant on the phone?

Had received an email from this group and spoke with them on the phone yesterday. 

Hey Zahra,Have a lot of clients working down there and you are correct, it has become a great place for investors.Biggest differentiator that I have seen has been on appraisals after the repair.