But really, in my mind, say you stay there and do some repairs and paint and furniture in the beginning, then maybe some time in between, you might meet those required days.

What are the typical vacancy and repair rates are you seeing for post repaired buy and hold rentals in these areas? 

He says he knows they will take less and after his inspections says it should need less than 10k- 15k in repairs mainly flooring and a bat issue in the attic (??) 

If you do allow it, be sure that you get written agreement that you won't be responsible for maintaining the appliances, or replacing them if them if they become un-repairable.  

What happens when:- repair/replacement costs?

Lastly you want to make sure there are no immediate major repairs coming due soon (roof, hvac, siding, etc) If so make sure you budget that in for the near future.Good luck!!

First we did the delayed repairs so that the tenant saw value in the increased rent.  

I am just trying to get an idea of what the possible outcomes may be taking into account the cost of the repairs may be more than the market value of the property...do they just send us a check for the repairs, do they send us a check for the market value, do they send us a check for the replacement cost etc etc?

Now for the good news: if you're simply acting as a rental collection service, or Contractor who handles repairs - you're fine without Licensing.

most rental quality carpeting does not last much more than 2-3 years.