There is the week-ish delay of getting your funds but you should have reserves for repairs etc. anyway so that shouldn't be a problem. 

But I have to ask, for such an expensive repair, that from the sounds of it your decision whether or not to even buy the house hinged on, did you not think to get more than one quote/opinion BEFORE you bought the house?

Examples: *Duplexes with rent potentials of $1,500 per unit selling in the $500-700k range*Quads with rent potentials of $800 per unit selling for $500k+ (that need about $80k in repair)...I mean just quick 1% rule would make me RUN from this type of property...right?

Inside looks good, minimal repairs and RE agent estimates rent a little higher.

I have heard places like certain areas of FL require permits through licensed contractors if you are repairing over a certain (small) percentage of drywall, and even painting.I always recommend discussing with the town/building inspector before you even go after a property.

How should you go about balancing between affordable and enough to cover repairs/cleaning?

@Brock Lile so you are looking for someone to bird dog, this is tough tedious work that people who think they want to be involved in RE are willing to do, it is likely that you will get quite a few poor quality leads and a high burnout rate. 

Show your appreciation and next time there’s a problem, maybe they’ll give you some time to fix so you don’t get slammed with emergency repair pricing.

So, we should be able to continue to put money aside for capex, vacancies, and repairs.

Tracy, I've been with HMS National for a little over a year now and they took a little over 6 weeks to replace a broken range AFTER the service rep arrived, inspected, and determined it was beyond repair.