I think I've located the source of the leak and will bring someone in to assess repairs.

Also has a mobile home on the lot that I may be able to repair and rent out as well. 

The cash flow equation is another story, make sure if you cash out at 75% LTV it will cash flow after the mortgage, taxes, insurance, and vacancy/repairs.

Even though the property may have recently been updated you still need to save for future repairs/replacement.  

On the 55k needed for purchase and repairs i can lend $46,750 you would need total assets of 16.5k + title - this includes 8250 down, $3500 origination, $995 underwriting, and reserves (we just need to see reserves in your account) Is this more or less what i can expect shopping my deal around?

If the property is AS-IS, then that means that the Seller is not doing anything in the way of repairs. 

Estimating $7,500-10,000 in repairs, less if I do some work myself or bring in a cousin who wants to get into flipping.

The estimation of repairs I wasn't sure on.

The down payment plus estimated repairs is about $48,000.

Currently a lot of the email marketing I receive with information about deals ( Property Info / Purchase Price / ARV / Repairs / Cap Rate / Pictures / etc. ) looks like it was created using email marketing from the 90's.