It won't be a complete tear down and start new, but will cost around $400-$500 k in repairs and expansion, while the home will cost around $1.1M to buy. 

I am the director of operations for the company, which means I am responsible for most everything that involves the business.As a contractor, we have crews to handle all aspects of home repairs and remodeling.

Also, your repair number seems a little bit low.

My goal is to buy it with conventional financing, repair it to be rent ready, and hire a property manager to rent it out.If you could recommend an investor friendly real estate agent, I would highly appreciate it!

I also will probably have enough money in the case that the house needs a major repair on it.

Hey @Steve Uhlig, I'm not super experienced but I vet BRRRR deals using 70-75% of ARV and then subtract the cost of repairs.

I'm not positive how much an investor would be willing to pay in Woodbury, NJ for a rental (and should probably hammer this down more), but I found the house to be just break even (after 5k in taxes, vacancy, repairs , etc.) at a $60,000 purchase price and assumed $1,100 for rent. 

.$0 in repair costs is a stretch- especially if you plan to increase rents...you'll need to justify the higher rent and that typically means improving the condition of the property = $$Your upfront equity position isn't great, but it looks like you'll start with a bit of equity...and if you decide to improve condition you can force the value as your NOI increasesBoilers are find if they are modern...looks like yours was replaced in 2017- definite positive5.3% on the loan doesn't look too bad...your DSCR is 1.15 ...most lenders will require this to be 1.2++ Vacancy is relative to your local market...not sure 5% is the right number to use or not...I look at CapEx different for year 1 and consider it an up-front out-of-pocket expense...but it looks like your units are in good condition so 5% may be right...maybe high...Water and sewer (and other utilities) seems low to me, but it's specific to the area...and maybe just for common areas?...

You can probably partner up with someone who will bring money for the repairs and 50/50 the added profit.

They are marketing; estimating repairs; contracting; appraisals; and negotiating.