For example, if you need to get a new roof in 5 years $4300 is probably not going to be enough and same goes for any mechanicals that may possibly be near or at end-of-life.On a different note, this all depends on your strategy, but from my opinion $300k is high price point for a rental in this area.

Sometimes less.  1100SQFT - 2500SQFT Complete renovation down to studs and replace everything up to code - New mechanicals, frame work, exterior work, insulation and drywall then all your finishes 8-12 weeks.  

No major mechanical or electrical.$30 would be same, but would typically include bathrooms, maybe a roof and maybe electrical or plumbing/mechanical.  

As far as actual prices go, from my experience I'd say it depends on the level of trim but assuming the exterior and mechanicals are OK; I'd say 25-60 for a ~1300 sqft SFR...

Once you understand that you are not borrowing "From" your cash value, but "Against" it, the light bulb should go on in your mind.Now that you know the mechanics of it, your next questions should simply be: How do I get a policy that 1. builds high cash value right from the start, and 2. allows early access to the cash value. 

If the association is responsible for exterior of building up to wall cavities of each unit, including mechanicals I would assume that worst case senario would involve all sheetrock, finish work, fixtures, paint and appliances.

I've looked all around BP and have read a LOT about wholesaling. I understand the principle strategy to be the following:Buy a house on the cheap, then immediately turn around and sell it to someone who has the time/m...

The mechanics of how you do this vary by state. 

The big advantage is that all mechanics and pipes like gas meter, water horn, sewer lines and clean out are now outside the finished area and accessible from the unfinished part of the basement.

(school, lot, area, desirability)But when it comes to aesthetics, mechanics, roof these all can be address "affordably" if numbers work.When is comes to structural, or foundation issues.... then it's depends on ###s if you can turn a profit if you fix it.