What about general repairs and maintenance?

The other camp of investors puts off maintenance for as long as possible and essentially bleeds a property dry and may have trouble selling at the end because so many repairs have been deferred.

Yes, I always assume that the purchase price (or the ARV if you are making significant repairs) will be the assessed value.

Purchase price possiblity - $80,000ARV - $150,000.70 = 105,000- $30,000 in repairs= 75,000 Rental income would be about $1000.

One of the aspects of purchasing that is most anxiety-inducing for investors is in doing a CMA and figuring out the After Repair Value of the property.

This was actually cheaper than what we estimated it would cost to repair the existing unit.

Vegas Property $135k3B/2.5Ba Inspection came back solid, no major repairs needed, fairly new everything... current renters have been there over a year now and they pay $985HOA - $178Property Manager - $90Current Lease is up April 2019About 20% of our own money is invested Question: after all is said and done we pay about $20 out of pocket every month...

@Joel Pash Joel, I need to know more details to help you with "Estimated repair cost".

I am in need of a contractor in Carlisle, Arkansas, or someone who will travel from Little Rock to do some HVAC and Plumbing repairs for me. 

Damages are in the 30k range and repairs takes 2 months on average.