Part of our california broker rules is that we are not allowed to discuss pricing, but I can give my recommendation to have a very detailed mgmt agreement in place with your owners  who takes care of Insurance payments, claims, repairs, tenant issues, HOA violations,  When do you pay the owners> Do you keep a reserve from them to pay for repairs?

Even though I am not the original owner, should I not be covered for any potential repair costs? 

After repairs, I am pretty confident that I can BRRRR completely out of it, leaving no money in the deal.

Highly recommend them and they're very easy to work with and can tailor to your needs from full hands on with all repairs to just managing and letting you deal with that aspect.

It would concern me if they can't or won't given you any kind of information at all, but perhaps that's normal.My takeaway though is that people are much more unpredictable than repairs.  

Although it is a new construction, your repair expenses might be minimal.

Other homes in the area are going for about 175K in good repair. 

We have a listing coming up in that area, asking for $599k (average condition, no major repairing needed) and it is priced to sell quickly. 

Down payment assistance etc.. special terms for certaIn employment types.

The properties I am looking at will cash flow a teeny bit, enough to cover mortgage, interest, insurance, and 20-30% for repairs and vacancy.