I have a rehab analysis spreadsheet uploaded in my file place which includes a Repair Estimator & Rehab Calculator to help you estimate repair costs and analyze the Max Purchase Price you should offer for a rehab.https://www.biggerpockets.com/files/user/drobertso...There are other good spreadsheets in the fileplace, or BP has their own web-based calculators.

Those loans generally use 20% down of your acquisition and repair costs for single family homes. 

The whole place was redone 5 years ago, and is in very good shape, so I shouldn't have to make any big repairs (fingers crossed) to structure, appliances, etc.

Also know there are mortgages that will include the "repair" cost and appraise after repair but I know near nothing about them other then they do exist out there.   

Also, what is the risk of bank calling the loan and what happens if they do.Balance $102,500As-is value 125k (with minor repairs)10k repairs ARV 130-140k25-30k repairs ARV 160kPITI is 1,000Market rent 1200-1300.I would love to hear your thoughts on what would be the best scenario and what you have done with subject to deals.

Since banks are not friendly to this kind of property, how would you go about financing the repairs.

I also assumed 30 year mortgage and no repairs needed now.

What an eye opener.I am very aware that I am short on experience and could use someone who could evaluate what reserves would be needed, any repairs that need to be done to the units (new appliances or painting etc..), value add ons etc...Can't do that yet as I am waiting for the numbers from the private party.I can buy this privately without a realtor on either side of the deal. 

@Gretchen PlaceThose are some quality inexpensive ideas

Also a greater chance that the property is going to need some repairs in those areas.