They tend to jave unreasonable price expectations, will not negotiate a home inspection in good faith, the property usually wont appraise because there is no listing agent involved, they wont drop the price when it doesnt appraise, they wont make lender required repairs and so on and so on.So why spend 20 hours on a transaction that is very unlikely to close?

Your vacancy, cap ex, and repairs look a little low.  

In my opinion it is a tenant caused repair and they need to pay.

If you documented the pre and post rental inspections you will have everything you need to justify your repair charges when they move out.

Are you confident on the cost or repairs?

But instead he just started making repairs.

Assuming one of the deals go under contract, I will act as the sponsor and syndicate the transaction for the down payment and repairs under market terms.This may be a dumb question, but I'm wondering whether there is a tool that syndicators use to keep track of investor contributions, ownership interests in the deal, Sponsor distributions to investors, or just to play around with different scenarios? 

I have also located a local credit union that will do a cash out refi for up to 80% of the appraised value of the home after repairs with no seasoning period.

Another note here is that they also run the gross expenses against this fictional number and add in Asphalt Repairs, Payroll and Management fee.

I need to always trust but verify in everything I work with others on.BEFORE PHOTOS:SNIPPETS FROM MY CONTRACTOR QUOTES:POST-REHAB PHOTOS:ANALYSIS NUMBERS (ANNUAL):Down Payment: $23,700Closing Costs: $1,455.80Rehab Budget: $8,500TOTAL CASH INVESTED: $33,655Gross Income: $15,600Insurance: $811.32Property Taxes: $1254.50Vacancy @ 7.5%: $1,170CapEx/Repairs @ 5% total: $780Management Fee @ 10%: $1,560NET OPERATING INCOME: $10,024.18PURCHASE CAP RATE: 8.45%Debt Service: $6,638.76NET CASH FLOW: $3,385.42CASH ON CASH RETURN: 10.06%NET CASH FLOW (w/out mgmt fee): $4,945.42CASH ON CASH RETURN (w/out mgmt fee): 14.69%