Stuff will break you don't expect and need repairing or replacing.

To be a good wholesaler you need to be a good negotiator, marketer, and be able to underwrite repairs and ARV. 

Then we would also work together and repair her house (a separate contract perhaps) so she can airbnb/furnishedfinder it.   

Why do you think repairs or capex would be a percent of rent?

@Dominic EberhardtHey Dominic, partnering with your grandmother makes sense since the mortgage stays in her name and you can use your savings for repairs.

And I didn’t even see it coming.One of my rentals had an urgent repair.

.- Every rental brings deductions: mortgage interest, property taxes, insurance, repairs, travel, and most importantly depreciation, a non-cash expense that shelters part of your rental income from tax each year.- Because you’re 26, you have decades of depreciation ahead.

Certainly no one is going to repair it for you. 

They also went above and beyond by coordinating directly with the builder to ensure that several necessary repairs were completed before closing.

This is what YOUR insurance is for, so that you don't have to pay out of pocket, now whether you have insurance or what type and if it covers this situation that is completely on you. 3) Another Problem Tenant: "Once repairs were completed, Evernest vetted and placed a new tenant, who refused to pay rent and caused an additional $5,000 in damages."