She has roughly 20% of equity in the home and it would be a lot more if the home didn't need repairs.

If you have 50 homeowners all competing for 5 people that can repair or replace you will have skyrocketing prices.

The cheaper guy is a general handyman and has included lots of other work in his quote; re-siliconing the shower, repairing a couple of doors, repairing some doors, reputtying windows plus all the painting. 

Through inspections, I found that it needs much more repairs than I had originally expected. 

My last eviction, including lost rents, repair and lawyer fees ran me close to 7500 so this worked out well.

I mean, the foundation had clear signs of issues that they had repaired, even installing post/pillar foundation in the crawl space.

Need to know what the repairs are but likely this is so slim of margins

For example, management not treating tenants in an ethical way (not repairing air conditioning when they were supposed to, or not repairing plumbing or other major issues in a timely manner.)I've also heard some stories of success too, so I say be very cautious.

But then theres CapEx, HOA fees, Vacancy Calculations, Repairs, and Prop Management.

that will be my fourth investment property and I'm not only not putting any cash down I'm taking equity out for repairs and rolling a truck loan into it as well.