I made the repairs and rented the home out without knowing these issues were outstanding (I genuinely don’t remember seeing the tags on the door).

@Michael Pitsos It doesn't appear that you're considering other expenses that will drive your negative cash flow further into the red such as capex, repairs, vacancies, management, etc.

My mom is not able to maintain her home and I have been paying for any and all repairs over the past fifteen years.

Besides that everything in the house else looks well so far.What repairs are absolutely necessary, what is nice to have and what is no need?

The 203K loan will finance all the repair costs + purchase price.

Is this a good investment as it will take 2 years to get money back plus always issues like AC, repairs and stuff.

i.e. are you opening walls to update electrical and plumbing, changing floor plan, etc.All the above will play into deciding the direction best pursued and whether to opt to replace the entire heating system (and with what) or to repair and retain components of the existing system.

When I asked to have a conversation about it, the owner of the company insisted that this was an emergency repair.

Hello Sanjeev,its a triplex with possible section 8 in one unit. yup lots of repair work needed but nothing major

Even there is no money down, you will need some reserve to pay for closing cost, loan origination fees, may be some deferred repairs and so on.