I think it depends how much time you want to spend on it. 

I wouldn't spend 2k on it or anything.

I see far too many people spending all there time chasing property that they cannot buy because of lack of funds. spend that time making money first and then go after real estate. 

Renewed our next 5 year balloon periods and even extended one to a 7 year balloon.  

I looked through some of your other posts and notice you spend a lot of time criticizing businesses. 

If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.

You're at the net worth level now where detailed investment and tax analysis can have large impacts to your overall ability to retire and spend. 

Essentially it comes down to how much time and effort you're willing to spend building the model.

(you’re going to spend too much on these and it’s risky.)b.  

Based on what my real estate agent thinks that this quote will be, roughly, and the after repair value, it looks like I could buy this property in cash, spend a month or two fixing the damage, and then put a mortgage for roughly 1.6x what I paid for it and thus have a cash flowing property at a few hundred dollars per month and a little more money in my bank account ready for a down payment on the next deal.