I have a case with a tenant that is trying to negotiate a lower rent due to delayed repairs/inconvenience of doing repairs.

If you have a lease in place and can document that the property has been vacant for repairs, that should be sufficient to count 75% of the lease income.

Here are the basics, please let me know if you have any additional questions and I’ll do my best to answer: 227k purchase price, 9 units, 4800 gross monthly rents, needs 60-70k in repairs, 350k ARV, the possibility of additional income from an on-site coin-op laundry facility ($250-300)... those are the nuts and bolts.

If this house was in my area I would definitely rent it, if it attracts quality tenants.

I would be obtaining a loan for the purchase price and paying cash for the repairs.  

A bit more if it has been built before WW2.FHA is only an option if it will pass FHA inspection, which means it has to be in good repair.

I was thinking that they get paid the most when there is turnover, so has anyone been successful in crafting an agreement that rewards for:Tenant longevityShort vacancyKeeping repair costs down (I do want to address issues though)Dunno...

A few things I get confused about is estimating repair costs and then what the ARV would be.

I am also a licensed real estate broker with Nottingham Realty Group and I have had a lot of success helping investors (both local and out-of-state) buy investment properties, repair them, and either lease them to quality tenants (BRRRR) or sell them as a flip (BRSR).

The garage looks like you could just treat and be done with it almost.Obviously the first thought for some would be to 'run' but if the repair opinions aren't high I don't think it would be a deal breaker, unless people think otherwise?