Probably they make it up in upcharges on maintenance repairs, or they will keep all your application fees, processing fees, tenant charges,pet fees and charges or make ready or something somewhere. 

Telling sellers everything wrong with their house and justifying your offer with repair costs doesn’t build trust—it kills it.

I currently assist investors in diversifying their portfolios with turn-key SFH's. 

@Tom OchiengI would reach out to a real estate attorney for specific advice on this situation since you already have one tenant who is being difficult.On a side note, when I have inherited tenants, I have been most successful when I have provided longer non-renewal notices, like 60-90 days, and offered to assist with moving costs.

Some of my clients manage their own rentals (even when they live in another state) and simply have a local handyman to do repairs and showings.

They'd be much better off being a Hard Money Lender and make 5 times that (and every repair to their "investment house" is paid by them...So, if you put $10k down on a property and make $150/month net cash flow your Coc Return (annualized) is 18% which is Very Good.If you followed that and understand it then keep looking for a deal.

It would be a tight budget but I do have money set aside for repairs.

Repaired deck, new air condenser unit, repainted interior and exterior.

The previous owner started to repair it.Looks a little rough, but we’ll get her all fixed up.

- What level of repairs are you willing to do?