Thank you Thomas and mark as I just purchased my first property in Buffalo NY, I'm also looking for a good contractor.Exterior seems to be OK and no repair is required, but interior requires plenty of it :)Can anyone recommend on a good contractor in Buffalo NY?

I would also add as long as no major unexpected repairs come up in case the A.C. or hot water heater were to die.That should hold them short term.

Figure a couple, $2-300 ac repairs and 1-2 appliances. 

You can consult credit  repair company and see if thats help. 

I'm looking at a property that I'm estimating has an after-repair value of $150-155K, and it has a judgment of $147K against it.

(I may have done that when I first got started) A home inspector is there to look for problems with the structure, fixtures, and utilities and provide suggestions on the best way to repair or mitigate them.

The two best ways I’ve found to fatten the bottom line is via fees or reduced turnover or repair cost.Pet rent, lawn care fees, and things that breakdown due to tenant usage are my go to items.Number of bedrooms, extra features are only a selling point.

those numbers would be too close for my comfort. let's say your purchase price is $75k, closing costs of 6k, fix the roof for 5k factor another 5k in other repairs and holding cost while work is being done by the time you refinance for 110k and pay the refi closing costs of 5k you'll have made 14k on the deal, and that will be 6 months down the road.

Buyer contacted him about 2 months ago, he said move in for free just make repairs needed.

I had no cash so I put all of the repairs and purchases on a 50k loan at 25% and 50k credit cards at 25%.