You will have lots of expenses with the formation of a new LLC, lawyer fees, costs to start up payroll for this company, workers comp, new insurances, immediate repairs, etc.

I learned an incredible amount of new skills AND I added around 120k In equity After Repair Value (ARV).

Typically it would be on drawn funds only, so you would pay interest only as you draw down on the repairs budget.

On a tub most like a glass door but kids tend to slam them so we have had to repair some of the cheaper models coming off the track. 

Yes I essentially have 2 services, one being property management and the other being Real Estate Broker Services.  

Then there is a course money that is needed to pay cleaners and for repairs. 

@Ben Tilbury I am not sure, but their websites should list all their services. 

Since we purchased it, we brought power back to the property currently set up as 2 RV hookups and additional outlets on a backer board (for a total of 200-amp service), had an RV pad and driveway put in, and had the developed year-round spring well brought back online - there will be a pump house built near the backer board this Spring (1st photo).

Expect 45-60 day close if significant repairs are needed. 

I’m struggling a little bit on repair costs and coming to a good buy price.