Acquisition Target: $730K-$780K; ARV: $900K; Repairs: $120K.

We usually redo the concrete walks or steps if they are old, graying and in need of repair.

Quote from @Neeta Agrawal: For context, we gave the tenant a 60-day notice for non upkeep and no repair communication in 2023 and then extended it for 30 days upon his realtor's request, setting the move-out for May 31, 2023.

If the age of your equipment is older, or it stops functioning, those repairs can also add up.

Repairs: Add a pool ($65K).

Maybe taking this step may prompt the seller to reconsider his position.

I feel like marking up repairs is paying twice.

Keep in mind travel time, repairs, and lifestyle to manage the out of state rental.

It couldn't hurt to call a couple attorneys right away to see what they say in terms of cost and suggestions for dealing with this quickly.In terms of mitigating any legal issues with your tenant be sure you are documenting every conversation you have had with the HOA in terms of asking them to make the necessary repairs.

Hard Money will usually finance 90% of your purchase price and 100% of your repair cost up to 70 or 75% ARV (after repair value).