Always fix all water issues first before moving on to doing major repairs of a structural  nature.  

Regularly communicate with them to stay updated on progress and address any issues promptly.

But what you will find is that most repairs are pretty easy - and if we don't want to mess with it we will call someone ourselves... but someone we know is going to shoot us a fair deal.

Cash invested: $80,000 Acquired this property Sub-to as a quick flip with minimal repairs required.

What is the loan-to-value (LTV) or after-repair value (ARV) ratio that you offer?

So I’d like my property to be close because until I grow I will be doing any repairs and updating.

If one or more units are vacant, the remaining units often don’t provide enough cash flow to cover expenses, making it harder to meet operating costs.Maintenance costs: A fourplex comes with four times the appliances, plumbing, HVAC systems, and other components to maintain, leading to significantly higher repair and maintenance expenses than single-family homes.If you want to see the detailed calculation, read this BP blog - More Units Doesn’t Mean More Money—Why a Single-Family Home Can Beat a Fourplex.Resale value: Multi-family properties have a limited buyer pool—mainly investors—who base their offers on CAP rates.

First you need to learn to separate the following:Maintenance: usually things related to wear & tear or tenant damage.Repairs: usually broken items like doors & windows, caused by tenant or nature.Capital Improvements: usually expensive things that wear out: hot water tanks, furnaces, roofs, etc.The seller is correct that Repairs & Capital Improvement items should not be a factor for awhile (ALWAYS get your own inspection to confirm).

Last, you can do an unlimited amount of repairs to a home using a 203k renovation loan (up to the FHA loan limit), including knocking down the house and building a new home!

Alternatively you may decide not to address the capex but be prepared to deal with high frequency maintenance requests with duct tape repairs.