I was wondering if any of you factor in things like a new roof and yard work as expenses you wouldn’t have to set money aside to eventually fix/take care of and remove that from what you would normally set aside ie major/minor capex for homes without an HOA?

I applaud your tremendous effort and I do believe that eventually this situation will work out okay for you.

But anything else from windows, cabinets, roof, driveway has a design life and will eventually get to the end of it's useful life.Most people understand that with cars - after 100,000 miles you start to see more repairs and after 200,000 most cars are done.

I guess, they put the money up front, with the assumption that the SBA will eventually approve the loan anyway because the follow the same terms and requirements.

But for those that can hold, will eventually get cashflow and a bunch of appreciation.  

I want to get my portfolio up to 250 units eventually.

The eventual goal is to rent properties and build a business that runs itself.

Eventually, I think you can develop a scope of work (as Matt  mentions above) for all the repairs or a chunk of them and work with a contractor.

I am a newbie real estate investor trying to do the same thing as far as starting with wholesale to get some capital and eventually get into rehab and rentals. 

Would it be smart to split it and make a profit on the land to then invest into further updating the existing property or would it be smarter to keep the entire lot and eventually build a second building to use as rental income also?