How much would you keep in reserve for things vacancies, unexpected repairs and expenses?

The rest is going into a savings account to for future repairs and vacancies and we take a disbursement as wanted.We did a cash out refi a few months ago.

*After Repair value X 70%, minus repairs = maximum offer.

It appears from the listing that it doesnt need much repair, but I have only seen a few pictures.

Typically your rent should cover everything like PITI, repair and maintenance, etc and your tenant pays for utilities.

Everything is negotiable, having said that, here is what's customary:Seller pays: Seller's portion of escrow fee, owner's title insurance policy, seller credits to buyer if any, city & county transfer taxes, agreed to repair costs and sales commissions.Buyer pays: Buyer's portion of escrow fee, lender's title insurance policy and lender fees, and down payment of course.That's all I can remember off the top of my head.

The seller is saying the house needs minor repairs.

Repairs $5,0002.

This is a low down payment and we can also finance any repairs which makes it more of an attractive opportunity for us.

For tiny little repairs, use the 5 minute mud that comes in a box.Mud should be mixed up so it's the consistency of peanut butter.