A turnkey property is already renovated and ready to rent, so you don’t have to worry about repairs and can start earning right away.

It usually starts with a thorough walkthrough of the property to list all repairs and improvements.  

Always fix all water issues first before moving on to doing major repairs of a structural  nature.  

A roof on the 600K property will cost more than on the 300K property, but you have more roofs to repair on the multiple 300K properties.

Every deal is different, and every person is looking for different marginsAfter Repair Value (ARV) - Rehab Costs - Purchase Price - Fees (holding costs, closing costs, selling fees) = Net Profit (before taxes).Are you ok with the net profit based on how long it's gonna take from start to closing? 

Cash invested: $80,000 Acquired this property Sub-to as a quick flip with minimal repairs required.

What is the loan-to-value (LTV) or after-repair value (ARV) ratio that you offer?

First you need to learn to separate the following:Maintenance: usually things related to wear & tear or tenant damage.Repairs: usually broken items like doors & windows, caused by tenant or nature.Capital Improvements: usually expensive things that wear out: hot water tanks, furnaces, roofs, etc.The seller is correct that Repairs & Capital Improvement items should not be a factor for awhile (ALWAYS get your own inspection to confirm).

So I’d like my property to be close because until I grow I will be doing any repairs and updating.

A contractor may offer a 1-year warranty for general repairs and a 5-year warranty for structural components.Discuss any guarantees or warranties on work performed and materials used.