You will need some skin in the game.

Since there is not enough margin in the buy / sell they are playing games with the repairs.I do not see how these ibuyers will make it trough a down turn.  

@Emiel Barbosa That would vary from person to person- let him tell you what he needs.  

Each area is different and will vary but I can give you a timeline on what a CA purchase may look like. 

@Lukas ParsonsConsider your end game.

Make sure you and your attorney have a game plan in court.

Rental licenses and building permits vary quite a bit by locality. 

Although the cash flow may be fine, you'll want to play the long game and acquire more units rapidly.

It’s not a bad method, but could vary according to how old everything is.

Of course, my actual expenses vary from year to year.I noticed that you mentioned 10% budgeted for property maintenance though...do you not manage the other side of your (current) duplex yourself?