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

My gross income is a bit less than $7k (and I'm renting near top of market rates) with minimal repairs ($2k/y), but...1.

Have you assessed how some of the repairs will be funded? 

,Buying, renovating, and selling is a great strategy, but here are a few things to consider:Start with the Numbers: Make sure you know your ARV (After Repair Value) and work backward to calculate your budget, including purchase, renovation, holding, and selling costs.Financing Blindspots: Even if you’re buying in cash, plan for potential delays or overruns in renovation costs.

Prioritizing cash flow, mastering property management, and learning basic repairs can make a big difference.

Will they have trouble making the payments to you while also having enough money to keep up with the maintenance and repairs/ tenant issues/ all the expenses involved with owning the property?

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.

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.

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.

Yes, estimated about $30-35K in repairs and negotiated that into the purchase price as best as I could.