We anticipate about $150k in repairs when All said and done.Immediate repairs/interior rehab approximate about a 3rd of that total.Roof replacement accounts for the rest.First thing that jumps out from the spreadsheet is no PM cost.We are buying out of state,so will slap on the 8% PM fees.Because we already own a similar building in town,we know the water and sewer bill is at least 2x what it should be.So updating plumbing fixtures to reduce water utility portion is a major value play.Rents are also at least $100 under market.Financing is agency debt.6.5% interest3 year term,30 year amortization.There’s a lot of moving parts in a value play.That’s why I wanted your comments and questions first and i can respond as we go.

It's seems like a good time to be proactive and head off some future repair costs. 

I would be skeptical of only needing 1000 for repairs judging from the exterior and price point 

My landlord is extremely petty and won't fix any repairs, so it finally pushed me over the edge into home ownership.

Your numbers don't appear to be that great. 70% of $92k is $64k and at a purchase price of just under $60k there isn't a lot of room for repairs and renovations.

@Dee BullockIn a wholesale deal with the cash buyer intending on flipping it, your numbers would be the ARV, After Repair Value, which is determined by similar properties within a certain radius, 'comps'/comparable homes.

@Sean Monahan You can still inspect your properties as normal - you'll just give your standard notice and communicate that to Airbnb guests.Loftium requires long-term tenants to hold renters insurance, and Airbnb provides $1M of damage protection and a separate $1M primary liability insurance for every booking.Most repairs don't get in the way of Airbnb hosting - i.e. if the stove is out, that can be communicated to guests - and as long as repairs are made on a timely basis, there's no penalty.We sign a standard 1-year lease for the first year, and can sign a longer lease after that if both sides are happy with the process.Feel free to check out my profile and the Loftium company profile on BiggerPockets for our website with more info. 

How’s it going  community ,I had new tenents just move in June the tenent came looked at the house while we were still getting  alot of painting and repairs done ready for move in  mid July well the tenent landed up calling us and was explaining to us if there’s a possibility they can move in on the first of June .

No way.10% or less equity is gone in sales cost if you need to sell.The property may be exempt as long as he as a vet owner occupant owns, but not when you buy it.You have repairs, vacancies, capex, etc.

If you quality you will enjoy the benefits such as large contribution limits up to $61,000 per year, exempt from UBIT tax on leveraged real estate, ability to invest tax-free using Roth sub-account and more.