It often results in increased rents for the area. 

Bozeman's allure, coupled with the increasing prevalence of remote work, positions it as an attractive destination for those seeking a live-work balance.

Imo, what you would spend on the deductible would increase your basis in the property.

If you start with a 2-4 unit property and get it rent ready and spend a little time getting your systems in place for how you want to manage it and building your team you will be able to just repeat this process over and over again either with more small properties starting out or gradually increasing the size of the properties until you’re comfortable doing 10,15,20 or more units in one purchase.

As an out-of-state investor, investing in turnkey properties can be a realistic way to increase your real estate portfolio and generate passive income if you do your homework, weigh the pros and cons, and match your investment plan with your long-term objectives.

In the case of a roof, etc. you could renegotiate a higher sales price (amend the contract) to cover the cost of the upgrade (if the market will bear the increase).

It appears the units are below market, however with some cosmetic repairs and perhaps some capex's I feel I could increase the rent by at minimum (based on local comps) 68%.I would offer 85% of list and estimated $20,000 in repairs/upgrades (this is probably a generous estimate - the property appears to be in good shape, basically needs a face lift).With all these figures, including the 50% rule, financing with 20% down @ 3.5%, I come out to a profit of $262 per unit and a cash-on-cash return of 9.53%.So, does this seems reasonable?

I'm searching for the latest NJ standard lease.  

Increase the term of your loan.  

Yes there is rent increase but only to the extent of what is reasonable with your competition.