Project management is stressful, time consuming, and many feel no fun. 

Any environmental issues must be contended with, zoning or land use violations will come to light when a property goes under contract and may kill any sales or drastically reduce the property’s market value.

This was a constant stress point for me as this could quickly become substantial.We found out that the rehab loan process required the use of a rehab consultant, to the tune of $850.00 out of our pocket.We found out that some plumbing had been done poorly and without permitting.

For example my 2 bedroom with 2 TVs jumped to $170, I had to call in and get them to reduce it to $80.

While there are some big positives (low maintenance), I don’t think they’re generally outweighed by the negatives of increasing HOA payments, reduced appreciation, and my biggest concern-changing HOA rules on rentals (what happens if the board changes the rental cap or eliminates rentals all together?). 

Since the governing MLS in the area (some are owned by the local Realtor associations and some by private parties) don't have the listings, many of the local agents don't see the listings and thus competition is reduced (so the argument goes). 

You’ll get the additional tax benefit of the interest on the mortgage being tax deductible, reducing your tax liability.

If they don't want to, move on but there is always a way to make it work it's just a matter of if the seller wants to do it Is it better to have the price reduced the amount of the repairs, or to have those repairs paid for?

In one I had to replace the roof as soon as I got the place and had the purchase price reduced.

I would probably reduce the rent for analysis purposes since it was previously listed for less than $1100.