you seem to be in a similar situation I'm in. what I did was take pictures and video of the place on my initial walk through, sent that to a GC and had him give me a "conservative ballpark" estimate. that way I knew what my offer had to be. asking price 90kARV 180-190KRehab est from GC 52kRehab est in my #'s 67kmax offer 67kstarting offer 60kIll be making the offer this week so we'll see how it goes. if I can get the contract then I'll have inspection, and 2 to 3 full bids done by GC'S to solidify numbers. if the GC are worth their salt then those bids should be accurate. if the numbers don't work at that point then back out using home inspection contingency (if possible) or finance contingency, or if you have it in the contact a "approval of buyer" contingency. or just eat the earnest money deposit loss. good luck.

Now, if its not in your lease regarding who is responsible for exterminator fees then you may have to eat that cost.

But the problem with them is the maintenance will eat profits if not evaluated correctly.

The key is do you have skin to put in the game, otherwise it will be tougher to find a deal to get into. 2nd)  do you have car payments that is eating up your income? 

My recommendation to every buyer is just to make sure there is nothing old that's chipping and if so, don't eat it and scrape and paint over it.

If its big enough to require a commercial loan your interest payment alone would eat the entire gross income;  never mind taxes, insurance, maintenance, vacancy, management fees, regulatory fees, etc.   

Maybe if your lucky the realtor/contractor split the costs and eat it.Have another (or multiple) contractor give you a bid to remedy the issue.... which should hopefully be around under the max for your small claims court.From what I see here you have no valid contract, no authorization to start work, no delegation of authority to the realtor to make those decisions. 

Is eating right (or in a caloric deficit) and working out "hard" or "complicated"- I don't think so... but a third of our country is obese.

But you'll see pretty good appreciation IF you picked a good location and the repairs don't eat you alive.And since we are on a 7 years upswing run of the market, I'd be even more careful with buy n' hold and try to get a sizeable discount to hedge against a potential slowdown.

Yes while all of these places have inherited traffic, do they attract the kind of people that will shop at your tenant's business or eat in their restaurant?.