There is some repair costs needed to touch up the place like carpet and fresh paints, will this be something that we will need to do prior to having the tenant/buyer accepting into the property?

as in noi devided by  down payment plus repairs.

That seems like a large amount for a condo that only requires repairs within the unit. 

I think to start when we are able to get our first property we would be doing the labor ourselves of fixing and repairing since I can do it under my contractor license.

4 Plex, 3686 sq ftPurchase 270kRents $700/unit ($2,800/mo)Repairs = $0 (Advertised as turnkey) Will negotiate after inspected if neededPITI = $1,475Vacancy = $140 (5%)Repairs = $140 (5%)Capex = $140 (5%)Management = $280 (10%)Garbage/Lawn = $150Water/Electric are separately metered.Am I missing anything?

DO NOT TRUST THEIR ARV OR REPAIRS.

The HVAC was repaired by noon on May 1st.

It started with a $6,000 mistake...Late Saturday, enjoying one of my much needed nights out, I received a text from one of my tenants stating that the A/C unit was just blown out..I wasn't concerned except that it was a 2am text & call and that the next day was Sunday (weekend service repair calls are always more expensive).As summer approaches, I knew that this was a situation that needed my immediate attention...I immediately had one of my managers collect some quotes for a new unit and labor (never use Yelp!

I drove a beat up old car and did most of the repairs myself.

I’ve asked after a year of seasoning will they consider the appraised value since we will be repairing the property as we go- I got a maybe response.I’ve read that many people prefer interest only on seller financing and I’m just tying to understand why...