Yep, fire damaged properties Always have more in repairs than you think unless you’ve done at least a few of them.

from buying a home in need of repair so I can rehabilitate it and sell it. 

The owner estimated the costs, utilities, maintenance, and repairs to be approximately $35k per year as he pays all the utilities for the tenants.

I’ve talked to lenders, real estate agents, I’ve ran numbers on over 50 deals, I’ve came up with 4 different scenarios on 20 of those deals with different numbers on rent, rehab, repairs, escape plans, etc.

I find myself "googling" for every repair that comes up even though many of the jobs are small and could be completed fairly easily by a "jack of all trades" type (or me if I had more time!). 

That being said, if you are looking to invest in some of the older properties you better take a hard look at CapX as any major repair will take a big chunk out of your cash flow.  

The biggest obstacle so far has been obtaining repair estimates. 

The estimated market value is $120,000, minor repairs need.Owner: She owes $90,000 on the mortgage, she rents it out for $1600 and has a cash flow of $445.

This is only a 4-plex but the CE officer told me that the big complexes will send someone through a few days before to change the smoke detector batteries and make sure they work but by the time the inspector comes, 25% have been removed by the tenants. 

Owner asked what kinda numbers and terms I might have to offer..My interest for it is I'm closing on a 4plex directly across the street thats the ugly one on the street.. numbers on this are $130k purchase $10k in repairs, gross with range from $24,000-26,400yr once vacant units are filled.Can someone somewhat draw out how a completed seller finance deal might look with numbers on the $250K 6plex?