Owner was asking $2,200/mo but we agreed to $1,800/mo, $800 deposit, and that I take care of any repairs under $200.

If all numbers were equal (purchase price, repairs, cash flow, expenses, etc).

Let's consider two properties under analysis:The first property has a Purchase Price (PP) of 100k and an After Repair Value (ARV) of 250k, but it requires a substantial amount of work for remodeling.On the other hand, the second property is listed at 170k PP with an ARV of 250k, but it only needs cosmetic enhancements like paint and flooring.Which one do you feel more confident about pursuing?

Proactive maintenance not only enhances tenant satisfaction but also reduces the likelihood of more costly repairs down the line.

Typically, around 20%, although in some cases it could be as low as 10% or as high as 30%.

- Do I pay for repairs?

Hey Dulce,I do this for a number of my clients and its a great way to have the negotiating power of cash while still maintaining liquidity/capital.So true delayed financing will be based on the purchase price and then the rehab work that you set in place before/while you apply alongside the After Repair value.

My plan was to repair and bring this house up to date and then rent it out.

I've been buying and repairing single family homes in Philly, but I heard about the Philadelphia section 8 housing program.  

It is slightly more expensive but it looks nice, holds up well, and I know it will be there if i need a few pieces to repair.