If you can get all the bedbug containing furniture out of the place and it will sit for awhile (or let it sit while the other repairs are done) you may be able to avoid some cost, but if you want to get a paying tenant in sooner rather than later you will want to bite the bullet and get it well done.

v=8QPipxwcGMg&feature=youtu.bePlease let me know if I can be of further assistance.

What is your draw fee & benchmarks for the repairs portion of the borrowed money?

For the property I purchase, I’d like to keep my monthly mortgage payments at $2,000 or less.I prefer a turn-key property since this is my first rental, and I want to start generating monthly cash flow immediately without the delay of repairs or managing two mortgages.

If you need assistance with such an acquisition please reach out to me.  

Based on an inspection report on one of the deals I worked on last year, I was able to negotiate over $15k of credits and repairs for a $200k house using a $400 inspection report for one of my clients.

I would talk to your servicer to see if they can assist you. 

For what it's worth, I found this on the HCD site under Accessory Dwelling Unit Technical Assistance memo dated Jan 10, 2020.

However, after dealing with the constant headaches of repairs, complaints, and other issues, I made the decision to shift my focus to larger commercial deals in partnership with others.I have co-founded a coinvesting club, allowing me to diversify my investments across multiple deals.

FHA loans are a great way to get started with a small down payment, but make sure you have some reserves for things like repairs and vacancies.