Closing on a house for 122k, worth 200k, needs minimal repairs (bought offmarket).

The value contribution indicated is based on a survey of real estate agents and is not actually based on anything quantified from market data. 

When you ask a generic question like that it indicates you don't have the requisite knowledge to attempt this properly.

Here are some thoughts:RK indicates a home is not an asset, but he is using his definition which is not Webster's definition. 

I guess i was just concerned that it would be harder to rent and the cash flow is minimal.

If you are buying a new build you probably or going to have minimal repairs and CAPEx expenses. 

The fact they are complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.7.

Is there a better strategy to acquire a property with minimal up-front costs?

It is a decent indicator of whether or not you are actually able to get the property for the price you want though I would put no value on it when making sense of a deal.FHA loans generally, maybe always, require the borrower to live in the property.

Rather, they are part of operating expenses.All good rental analysis calculators should already have a line item for annual property taxes, for the purpose of calculating key financial indicators like net operating income, cash flow, and cash-on-cash return.For items like closing costs, you will absolutely need to calibrate and adjust your analysis tool to reflect your actual market.