Unless there is an emergency situation, take a lot of photos and call your insurance agent before doing any repairs.

We pay all of our expenses out of that which includes: broker split (my brokerage takes 22% of the total commission, this varies by brokerage and is typically anywhere from 5-50% depending on how much support the brokerage provides and whether or not the agent is on a team), transaction fees, transaction coordinator cut, income taxes (15-20% of what's left after broker gets their cut), errors and omissions insurance, MLS fees, board of Realtors dues, required continuing education costs, vehicle and vehicle insurance plus maintenance, repairs and gas, health insurance (also health insurance for the family if they are the sole breadwinner), technology fees, desk fees (office rent), marketing materials, advertising/ lead gen, etc.

Deal #4 - SFH, 3BD/1BAAsk: 80KNeeds new paint, flooring, new kitchen, and bathroom, and roof will need to be repaired. 

Be sure to factor in repair costs to keep things profitable.

Are you looking at the maintenance/repair costs of the homes once in place, W/S/G costs. septic expense if applicable? 

I've found an off-market property that would require $175k purchase, $35k down, $20k in repairs, with a conservative ARV of $235k. 

Most businesses, property management or not, fail due to the lack of sales, not due to the lack of systems and phone etiquette.

I am invested in a small multi family in TX and the management was not able to fill the property and do repairs and the income has dwindled badly.

Unless you find a buyer with a very specific criteria who is willing to pay above the typical 70% - repairs.

The asking price is under $125k and like mentioned earlier, the renovations would be 50% so there are major repairs (not move-in ready).