That is how auctions work and that is what I expect to pay when I buy.

PLUMBING expansion tanks for hot water heaters, copper scabbed into galvanized pipe and proper venting HVAC - sealed duct work and properly sized for sf.

This will increase the return above what can be obtained on a passive investment.The flipside of having the power to control everything is that can be alot of work (and a full-time job if you are putting in sweat equity).

A prudent investor doesn't seek quick riches through shortcuts.

I am very aware that managing a property is a lot of work and has its ups and downs, but I am ready to learn and have the energy.

The cost of the repair plus a margin (maybe $30k) to compensate you for the added work and risk.

I used to do that type of work and built hundreds of walls.

Realize how many quality carpenters want to have gig work? and

Whether it's construction workers or nurses, you'll want to be near where they work and understand the length of their contracts. 

While this might seem like a downside, it's important to keep the bigger picture in mind.If you’re looking at a duplex in a good area, close to your work, and the numbers still make sense—even with those lower rents—don’t let that deter you.