Your CapEx and Repair percentages (3%) are too low.  

the above property is in my IRA, however, it needed some additional repairs that i had to pay out of pocket. 

The purchase price will be 160k and the homes renovated value is between 210-220k. (4bd 2.5ba on 5 acres inside city limits)My question is, should i do minimum repairs and rent the home out for around 1500mo (pay the morgage) or flip the home.

Goes over almost every single repair costs you will come across and gives some guidance as to if you live in an expensive area these numbers might be X vs.

There goes a huge chunk of the year in maintenance.From the capex side, how many months do you need to save to repair the roof?

I currently have a few clients asking me for a local handyman recs ( for small ongoing repairs on windows, cabinets, etc.), but my husband handles this sort of work on our own properties so I don't have an established pro relationship to pass along. 

Turns out, it has some major flaws ($$$) The sub floor and beams under the bathroom are rotten and will result in the bathroom being totally torn up to get to the beams and repair and then putting the bathroom back together.The other thing was-there is no access to the attic.

rent it. if so what would it rent for2. does it need any repairs/updates3. is it listed with a realtor4. can you get "control" of it with an option or a 45-60 day contract?

The standard formula for rehabs is (ARV * 70%) – repairs = maximum purchase price.This takes into account holding and selling costs.

Then deduct some closing costs and possible repairs.