I cannot see how this makes sense for folks with allot of units.

I'm past my allotted time for inspections, so won't be able to get a firm estimate.

Actually, now that I think about this more and reexamine the numbers, They did include an allotment budget. which would put the loss at just under 9k.Where's the equity?   

As others have mentioned your biggest concern should be if you budgeted enough money to finish it and if you have the market sell it in your allotted time window.

From what I can tell they rely on an inspector's approval that it meets or can meet building code with the $12k repair allotment.

If rent isn’t paid within the allotted time, then the eviction process can be started. 

Just make sure to send out the proper notification as per your state l/t laws regarding the security deposit in the time frame allotted.   

What i mean by that is 200$ AFTER all your other allotments, PITI, HOA (maybe), Management, capex, maintenance, vacancy.... if theres still 200$ after all those, that's when ill feel safe to jump.

I have allotted 40K(after paying off some bills) to use towards prospective investment opportunities.  

In their case they allot 5 minutes to talk about work, and then they jealously focus on THEM.