I soon learned it it was less cash out of pocket to just finance the home at the time of purchase.

Also, found Bigger Pockets a few months back and love it, just wish I would have found it sooner!

I would be careful throwing out terms like "lazy landlord" to people who are logged in to a forum like Bigger Pockets looking for advice and knowledge. 

I would consult with them also on what they are seeing in that specific pocket of the market. 

If so you would likely need to pay the estimated repairs out of pocket and it would increase your cash down for looking at cash on cash return. 

They agreed to pay my closing costs by adding it to the price so I don't have to pay it our of pocket and they still get their bottom asking price)- Due Diligence200- Earnest Money200- Home Warranty500I just got my loan estimate amount from my lender which is 88,467.

Last year I joined Bigger Pockets and started my journey as a real estate investor. 

Get the deed in your name from the jump and yes you absolutely need a limited POA.I've done dozens of subject to deals and it's really the only way I buy due to the huge advantages that exist but there is a lot of things that can vary depending on the circumstances that would take too long to discuss via bigger pockets so feel free to reach out if you want some direction and I can provide you with the forms I use.

The bank almost certainly will NOT go out of pocket to resolve this so it will be up to you to estimate the cost and adjust your offer accordingly.

I ended up with a remodeled kitchen and pretty much nothing out of pocket, because I did the cabinets and painting myself.