Any expenses for your property that is shared by both sides is split 50/50, such as insurance, mortgage interest, property taxes, or major repairs such as roof replacement (which has to be capitalized and depreciated). 

But you could also require extra cash for any repairs or upgrades that come up.Having reserves set up for unforeseen costs, vacancy periods, and ongoing maintenance charges is crucial, in addition to the down payment.

.* **Fewer repairs.** New construction homes are also less likely to need repairs than older homes.

It needs some exterior repair and parts of the roof as well.Assuming it gets appraised minimum 100k after repairs.. will I be able to take out a cash out refinance ?

Typically, there are two options- either the repairs must be made prior to title transfer, or the buyer has to agree to assume those violations which involves making a written guarantee that the repairs will be made within the required timeframe after closing.

Hello Gopi, For investment properties, especially if you are referring to multiple properties, it might be beneficial to look into a DSCR (Debt Service Credit Ratio) loan.

I have found a contractor I trust should any repairs be needed, secured a cheap month-to-month rental in the area I will be looking for when I start my search in April 2024, and am in the process of interviewing lenders recommended by BP and friends who own property in the area.

This acronym is short for Debt Service Coverage Ratio.

Also, what resources/training, would you recommend I look into to get a more detailed, in-depth of how to estimate repairs, ARV, max allowable offer, etc?

They reached out to me weekly for the first couple of years with issues based on their incompetence (I was happy to help, to a point, but it got old), and the purchasing company lost close to all the doors in the first 5 years due to poor service, poor systems, and not really understanding how to add value to the client.