Here are some of the problems:1 - My contract with the manager states that they can't spend more then $100 on repairs/expenses without my permission.

That being said, if the bid price is lower than "Zestimates", you may have a good bargain :)Find out what repair/upgrade work (if any) is needed first.

I was thinking of moving into a livable house that needed updating and minor repairs, living there for 2 yrs then renting it out.

Loan amounts are based on the after repaired value.

My sister just bought a house at an auction for $25,000 it needs about $15,000 in repairs.

My current plan is to possibly bring a contractor and/or an appraiser with me so that I can get a rough estimate of repairs, confirm the current value, and obtain the ARV.

My current plan is to possibly bring a contractor and/or an appraiser with me so that I can get a rough estimate of repairs, confirm the current value, and obtain the ARV.

It is a good rule of thumb though)Take that and reduce it by the amount of your repairs and all of your acquisition costs and an error margin( I always use 10% of the cost of repairs for those little uh ohs).

Hello,I was wondering if anyone would like to know how to find "Professional Tenants" for their investment property and no have and have no issues with repairs, taxes, managment?

Try to work the entire deal from property search to the ultimate sale of the property after repairs are done.