Grout needs to be cleaned up in the downstairs unit, for example, and there are some missing outlet covers.My biggest concerns would be whether tenants would actually pay the premium for the extra sq ft of the units, whether it will truly appraise for a minimum of $330k after a 6mo seasoning period, and if this is really a good deal or the wholesaler/broker aren't leaving enough meat on the bone...Thanks. 

REI is a marathon not a sprint, so I'd rather go a bit slower in the beginning having enough reserves to see me through instead of rushing in, having an unexpected expense, and getting behind.

One looks like a screw, another like an electrical outlet.

@Mike Flora There is not any outlet  unless you both come on loan(conventional)  for cash out under delayed financing exception .

If they move unexpectedly, he's not scrambling trying to figure out how he's going to make the mortgage payment by himself (have seen that happen more than once). 

If you don't have several months of operating expenses in your checking account for the unexpected you have bigger problems, don't you? 

I know i should leave some cushion just in case we need new roof ( the roof looks fine to me) electrical, plumbing, and other unexpected things, well thats why i think 30k is a good number.  

Hi BP, I'm looking for some feedback about the strategy my mom and I are planning to use to get her monthly cash flow back into the black and help her eventually retire.Background:My stepdad recently passed away unexpectedly and as a result, my mom's monthly expenses are about $1K more than her monthly income.

Condos can have inherent issues with HOA's and condo regulations that could ruin your strategy, such as limitations on rentals, and unexpected costs. 

Does 15% and 6 months always pan out, not usually and there is almost a downside due to unexpected surprises encountered on flips.