They can purchase at a discount, put in the repairs, and either flip or rent them out.

Build healthy reserves at closing and agree in advance on what triggers additional contributions so you’re not negotiating in the middle of an emergency repair or a vacancy spike.

The existing homes will be cheaper than new builds, so you might be able to find a deal due to price compared to new builds to offset the new build cost/repairs.   

They required the owner to repair everything before they would resume Section 8 payment.

Buying an investment property is similar to buying a personal home, but lenders will usually want a bigger down payment, proof of reserves, and they’ll factor in rental income differently.A HELOC can be useful, but only if the numbers support it and you’ve set aside a cushion for repairs or vacancies.

For many that means aiming for at least twenty percent of the after repair value. 

I’d recommend finding an investor-friendly agent in your target market, a good lender who understands investment loans, and a contractor you can trust for repair estimates.

My wife is a stay-at-home mom but handles leasing, tenant issues, repairs—basically runs the rentals.We’re exploring if she can qualify for Real Estate Professional Status to offset my W2 income.

“Maintenance costs will spiral without me there.”Clear repair protocols, vendor vetting, and pre-approved spending limits help keep maintenance under control — without sacrificing quality.4.

Repairs/upgrades will be made this weekWhat gets me is the offers are well below what the house would appraise for - it appraised for 193k in 2023 for reference.