Here is some detailsWhat ever cost i think there is in repair i double it to be on the safe side.

You will be more apt to buy deals that don't drain you of maintenance and repair dollars if you know and understand the construction of a property.

I found this one: (ARV * 65%) - estimated repairs = purchase priceThanks so much in advance

Now there are some expensive repairs that the house needs: DETERIORATED LEAD BASED PAINT ; EVIDENCE OF MOLD ; REPLACE HEAT PUMP ; REPAIR PLUMBING ; REPAIR HVAC DUCTWORK ; REPAIR SIGNIFICANT CRACKS IN FOUNDATION ; CORRECT GROUND GRADE TO PREVENT WATER INFILTRATION ; REPAIR FRONT PORCH STEPS ; REPAIR WINDOW Just wondering if this would even be worth considering.

I'm going all cash on the purchase and repairs, I just would like to recoup that money for the next one.Any help?

There is a clause in the lease agreement that states the tenant is responsible for minor repairs less than $175.  

My guy will bill me, but I want to be there for the inspection, so it is just as easy to pay him on the spot.I get a complete written report, complete with photos of all the damage and needed repairs within a couple of days.

Neighborhoods on the decline will likely depreciate and less buyers(investors) will be interested in that enviroment later when you may sell, and the quality of the tenant you can atract will decline too.The $6000 repairs is that what it needs right now to make it rentable, or an annual amount you are allowing for?

I have a few repairs that need done.

Effectively, what I want to do is pay somebody $50K extra in management fees, in return for their taking on the risk of higher vacancies and repair costs, etc.