Primarily, authorizing expensive maintenance (roof repairs, walls, big stuff that exceeds the PM's authorization).You can make Limited POAs cheap (or even free) using something like www.legalzoom.com.

This is my first post in the forum as I recently became a BP member :)My husband and I just got a Duplex under contract that requires significant repairs (no structural/foundation work) as it is quite old and has extensive wear and tear. 

I'd like to allow a reasonable time frame for renter/buyer to repair credit, but I'm not looking to be locked into a looooong term commitment.For those that do not/cannot obtain financing after x number of years, what options (if any) do you typically offer?

In general, I would suggest repairing the rented unit when it is rented now because once you move in to renovate, yes the improvements are added to the basis, but repairs are not ( there is one exception) Although there is a rule that when you are improving the personal residence and there are minor repairs done with the improvements, those repairs can be added to the basis, but you would benefit more doing the repair now while it is rented to get a tax deduction right away rather than adding to the basis. 

If you are buying properties that need rehab or that may need repairs from unseen deferred maintenance and you don’t have a reserve you could get into trouble quickly. 

“Insurable With Repair Escrow: A property that requires no more than $10,000 for repairs to meet FHA's MPR and MPS.

There was a point where I was explaining to him that if I couldn't get the paperwork filled out that I would have to walk because I wouldn't buy the property without the repairs getting done.

I am slowly getting a better idea of the after purchase (repairs, renting and managing) to where I'd be comfortable, but the actual purchase process is where I'm feeling very insecure. 

Keeping it as is, only doing necessary repairs, and keep doing annual rent increases.

Let me know if anything comes across your path. will pay finders fee etc...Below is a list of our investment criteria:Property Type: Condo, Single-Family, TownhomesLocation: All Zip codes except 89030,89101Purchase Price: Below $400,000Property Condition: Fixer/rehab- ANY CONDITIONIf anything comes to mind, please send me the address and I'll get back to you with a prompt analysis/quick CASH offer...