Don't get me wrong:  cash flow is still an important factor, it keeps the lights on, it pays for repairs and upgrades.

Typical renovations include:Cosmetic Updates: Painting, flooring, kitchen and bathroom upgrades, and landscaping.Structural Repairs: Fixing any underlying issues such as foundation repairs, plumbing, or electrical updates.Efficiency Improvements: Adding energy-efficient windows, new HVAC systems, and better insulation to increase the property's overall value.The goal of the rehab phase is to increase the property’s market value while making it an attractive place for tenants.

Paying off the notes, working to pre-emptively make repairs to capex items before they fail or become a major issue think roof, HVAC, and foundation.

Delays, unforeseen repairs, and underestimating budget up front are all much more dangerous occurrences once a gap lender is involved. 

It may make sense for the right purchaser to repair.

Plus, you have to turn the unit over- paint, carpet, etc repairs?

Would be happy to connect via text, phone, or email to answer your questions.

For the property I purchase, I’d like to keep my monthly mortgage payments at $2,000 or less.I prefer a turn-key property since this is my first rental, and I want to start generating monthly cash flow immediately without the delay of repairs or managing two mortgages.

- What level of repairs are you willing to do?

Perhaps, they can get out earlier such as July so you have time to do the necessary repairs so you only have one month of vacancy.