If so, and you want to buy it as an investment, you'll have to put down 25%.CapEx and Repairs are way too low at 2%.

In addition to the mortgage, property taxes, and insurance, the projected calculations are taking the following expenses into consideration (5% rate for vacancy, 5% for repairs/maintenance, 5% for CapEx, and 10% for property management; otherwise the income figures would be higher. 

The home hasn't been repaired yet. 

Assign certain tasks to one partner (i.e. accounting, repairs, showings, etc). 

Getting your RE license is a good way to gain knowledge but it teaches you how to assist buyers and sellers through the home buying/selling process.

They insisted this was just $8k worth of work and gave a $3k reduction in price stating they factored in $5k for repairs in the price already. 

I think it pays to have a good realtor that really knows the area to assist with this.

The roof in that area covers the room, and the back balcony/porch, and it is approximately 400 sq. feet.I got two estimates: 1) $4843.09 by Home Depot, the Sales Consultant stated that they need to repair my roof and the neighbor's together, they do not install new roofs on situations like mine, where the roof is "shared by two properties, due to potential liability issues being claimed by my neighbor.

The Seller also needs time to inspect, clean, and repair before returning the security deposits.

(I have a background in fire service, victims' assistance and have flipped a fire-damaged house).How many units?