do you have a furnace repair lined up?

Give each a key or standing rules about doing repairs and then provide your phone, email, etc.

You do some minor cosmetic repairs, relist it and flip it.

I provide them the tenant's name and phone number when there's a problem, set some guidelines about what I'll pay and what needs a call back prior to work being done, and then have the tenant and maintenance person arrange the time to do repairs.

Offer= (ARV x 75%) - (Repairs + Holding + Closing cost)

I estimate it needs about $5000,00 of repairs.

I do have some money laying around for major repairs etc.

I estimate 15-20k in repairs.

All mortgages are prepared by your local attorney which we pay for.An example of the way it works is our hard money lender has the after repair value of our project appraised (say 300k).

You have mortgage, taxes. insurance, repairs, management fees, etc, and hopefully a positive cash flow.