Property managers also aren't as price/quality conscious when it comes to doing repairs/maintenance.

Just plan on doing some sheetrock repairs when he's done.If everything else in in order I would not let the electrical put me off.

Are any repairs needed?

The fule of thumb when determing a potentially good rehab deal is to use the 70% of ARV (After Repaired Value) less repairs method.

They will do repairs on their own and generally are pretty easy to deal with.

Are you overwhealmed with repairs?

Unless it needs repairs and will have a ARV of much higher.

ALWAYS assume you will have a 90% 30 year mortgage, just so you can compare apples-to-apples...and to that point:Taking the other extreme: Imagine that you have a house fully paid off, so that your only expenses are taxes, insurance, repairs, and property management.

THey do not NEED any repairs, but cud use updateing of Kitchen counters cabinets/bathrooom fixtures etc if you want to try to get more for it.

I locate/inspect, repair and show the property to potential home owners once the property is ready for sale.