@Michael Bonanno the "TK" model is a broken model.

@Jerryll Noorden I apologize it was a question I had in regards to me being a buyer and renting the property out or just buying these condos and selling them after a few upgrades and I'm fairly new to this...

Could he back out for something as minor as a broken door or something as major as termites/plumbing?

I got my license only because I took all the required classes at the local community college.)After dozens and dozens of rehabs I became more interested in finding and putting together deals than I was in fixing broken houses.

General maintenance (fixing broken things, snow removal, gardening and the like) is probably another 10 to 15%. 

@Jay Helms my main goal is to buy and hold small multi-family / SFR investment properties for the purpose of long term cash flow with the intention of 1031 exchanging these properties (or selling them) later on to upgrade to larger apartment complexes.

The round is a fake nest and guests often message me that it's broken because they can't figure it out.

I am not interested in doing flips as much but one thing I am looking for is a network of contractors, plumbers, and similar to call on for work during turnover rehab, upgrades, and emergencies.

In the cincinnati market I've been able to hit 1.45-1.75% off the bat in B neighborhoods and as I upgrade/increase rents hope to push those closer to 1.75%-2%.

I could easily be wrong but with these issues I don't think I'd be able to get conventional financing so I was considering asking the seller if they'd be willing to finance so I can at least get in to the property and do the necessary upgrades to make it rent ready and safe.