On 7/28/18 I got a letter from her stating she was not returning my security deposit of $2,100 due to repairs the apt required.

I was wondering what percentage people are using for vacancy, repairs, capex, and management fees when using the rental property calculator to evaluate deals.

I would drive through different neighborhoods on my way to work compiling a list of distressed properties that I intended to try and track down the owners and while I was doing that someone contacted me with a house that they wanted to sell.The property needs roughly 15 - 20k in repairs but once done the property should have about 50k in equity.I am trying a mix between the house hack and the brrrr on this one.I am purchasing the property as a primary residence and will live in it as I make the repairs.

@Jason Hill if you have no experience with fire properties it makes it hard to estimate repairs and subsequently wholesale. 

I then decided I would try to flip it myself and had a home inspection done and found about $20k in additional repairs that were needed under the house (mold.

Now with a lease option the tenant is responsible for all repairs and one last question.

Pay ahead to get on the every other week schedule or pay late fee.

My first questions is what repairs am I allowed to make to a property I just bought and plan to rent?

Usually they will either make repairs or give a small dollar amount concession toward closing costs.

It's called ARV After Repair Value