You also run in to the problem with cheaper properties that many repairs cost the same as they do for properties worth twice as much with double the rent.  

The only downside is making sure transfers back to your operating account are quick enough to cover mortgage drafts.Separate buckets: I keep one account just for operating (mortgage, repairs, utilities) and another for reserves.

Ask questions on their fees, do they charge you for filling the property, what do they do/charge for handling maintenance or repairs.

Don’t forget to join online communities like BiggerPockets, where you can learn from experienced investors and ask questions.Lastly, make sure to crunch the numbers carefully on each property (consider mortgage, taxes, repairs, vacancy, etc.) to see what kind of cash flow you can expect.

or, after the repair is complete?

On the PM side, I always build in a buffer for labor delays and unexpected repairs, holding costs can eat your profit fast if you don’t plan for them.

Outsource 80% of tasks like admin, tenant calls, and repairs to property managers or virtual assistants—focus only on the critical 20%: finding deals, decision-making, and building your investment strategy.

After 20+ years in construction, working with rehab,flip,repair properties in the past I have decided to dip my toe into real estate.

Asking $195k–$200k as-is, no repairs.

After mortgage, insurance, property management company, taxes we would probably only make $200 a month total which would go into an account for repairs, improvements and vacancies.