In mine, there isn’t, since the only people who purchase those are investors and don’t get the homeowner appreciation bump.Also, I think that your estimate of $1000/yr in repairs is low.

Calculate repair costs at 20% instead of 5%. 

So yeah trying to figure out all the pieces ahead of time...

Power outages, flooding, it was difficult if not impossible to get any contractors to come do any repair or clean up. 

I was conservative on the rents expected and added value after repairs.

@Youssef Menkhour congrats on securing your first property and negotiating on your second.I agree that landlord expect a negotiation after the inspection (as they know the repairs that are needed) but there are a few that wont budge.

Seller will pay liens on title as long as no additional repairs are needed.

College town properties often require investors to budget for higher insurance and repair costs.

I also realized that the management company had been doing slightly sub standard work, and a lot of the "repairs" were not of the quality I would prefer. 

All tile floors setup to be very low maintenance. old bIIldIng but most of the major work/ repairs have been done.Building is very near a redeveloping area, in 5-10 years should be a much nicer area of downtown, but they will still be low income apts.Its unique in the fact that it is surrounded by new buildings so it is its own ecosystem, if that makes sense.. problem is that ubless you dropped serious money into it its always going to just be what it is. low income. very small spaces, would have to empty entire building drop 100s of thousands on it and re rent with new image..