For those that do fix and flips or do maintenance on your own properties, do you set up a separate “maintenance company” for the purpose of owning and replacing tools and equipment?

The building is a little neglected but those are the best opportunities :)The $200,000 price seems a little high with the profits he is showing... use a multiplier of 2.5 to 3.0 of the profits to get a good faith value and consider any repairs and equipment age.

They’re both in the NW Cape and sustained very minimal damage from hurricane Ian, including the coachlight globes out front were broken and missing plastic lids on the well equipment but that was about it.

Also I have 15 years of experience in operating equipment.

If you're equipped to manage that financially and the property is solid in a really good area-- absolutely.People spend $700/mo on a car note.

I have searched criagslist, equipment trader, iron planet.   

Think of this as an agricultural business where you are underwriting new capital costs for improvements (better equipment, staffing, operational changes, etc), yearly input costs (crop insurance, general liability insurance, fertilizers, chemicals, diesel fuel, equipment repairs, electric for water pumps, irrigation repairs, tractor operator labor, vine care labor, harvest labor, etc), and estimating yield (tons/acre) and sale price ($/ton).

It depends how you equipped you are to buy on the follow exclusive of capital gains.

I rarely buy anything significant that is turn key  (real estate, cars, major tools/equipment etc) preferring to fix things myself and get the equity.  

By the end of this article, you’ll better understand these various strategies and be better equipped to choose the one that best suits your financial goals and investment expertise.If you’re confident about your next investment strategy, you may want to jump straight to the investment, in which case you may be looking for funds.