The numbers check out and this will be a great deal however we are stumped on figuring how to pay for some of the repairs that probably need to be addressed. 

I just went through this and actually had the tenant schedule the repair with the technician a few days later then it could have been.

I like areas that are higher quality and can weather the storms of the cycles better. 

Should I present a list of needed repairs and make a guess on the ARV?

Say the ARV (After Repair Value) is $60,000.

Just be sure that the property will cash flow enough to cover all your normal expenses (debt service on the 30 yr loan, CapEx, repairs, vacancy, taxes & ins, etc) PLUS enough extra to pay off the LOC in a reasonable anoint of time.

although horizonal  you dont quite have the water quality issues we have but you have massive sized streets..

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.