So I'm not sure if all the repair is absolutely necessary to sell the house.I'm stuck between a rock & a hard place because I trust them both in their knowledge & abilities.

Where I give him the down payment for instance on a 2,3, or 4 plex and he gets the loan in his name (lower down payment Better terms) and moves in and then overseas the rentals and doing upgrades and repairs.

I did some more research and it looks like in Colorado you can charge them a reasonable amount for the time it takes us to clean and repair which we definitely will do and if they're not ready for a final walk through(which apparently we aren't required to do) then they don't get one after May 31. 

If it's $20K in repairs, then you might net $61K over what you paid.At $30K in repairs, you would still net $51K , right?

All seem to run the normal 90% of purchase and repairs up to 70-75% ARV and will take first position on the lien.  

The reason I prompt this question is because, I'm looking at a quad right now in the Jacksonville, FL area that appears to shake out to about a 10% ROI and around $134 per door.

If you separate, do you take money out of your personal bank for repairs on the rental or out of the bank account for the rental.

I'm a new investor looking to purchase single family homes in need of repairs.

You are already accounting for repairs and CapEX... not understanding why an additional 10% would need to come out.

This is after piti, any utilities, and repair budget.