The unit is older, built in 1975 and has quite a few small issues, est. about $1000 in repairs.

This way, they say, they have funds in case repairs are needed.They charge an extra 10% on labor and materials if they have to get maintenance done.

The concern is for people living close to the edge with little to no reserves where if they have a vacancy and major repair the dominoes start to fall.

-Find a more expensive deal-Take out 20k more for repairs (Houses only sell for 55k max in that area) - Keep trying banks (Does anyone know of any that would finance?)

Here are a few for you:Pros- Online account access- Online payments- Prompt responses to e-mails and voicemails- Good criminal background and credit checks- Actually calling past landlords, employers, etc.Cons- Charging a credit card processing fee- Lack of advertising (e.g. only posting the rental on the company website)- Lack of communication during vacancies (e.g. not providing me with updates on repairs, tenants applications, etc.)- Only using in-house maintenance (e.g. if your one guy can't get to something for a couple weeks then hire a contractor)

Before thinking about making an offer, learn your market, learn to estimate renovation costs, learn after repair value.

I analyze the property, and estimate rehab costs (with inspectors and contractors), add a buffer for unexpected repairs, as well as an ROI comparison of setting the property up as a rental vs. selling the property.If I am ONLY presenting the deal to the investor, meaning I am NOT buying the property myself or setting up any type of assignment, just "connecting" the investor to the property and running the numbers.

I analyze the property, and estimate rehab costs (with inspectors and contractors), add a buffer for unexpected repairs, as well as an ROI comparison of setting the property up as a rental vs. selling the property.If I am ONLY presenting the deal to the investor, meaning I am NOT buying the property myself or setting up any type of assignment, just "connecting" the investor to the property and running the numbers.

Their responsibility is do the repairs IF it is their responsibility.....not cater to random whims/wishes if done supposed buyer.

I know that repairs etc. are suppose to be on the potential buyer, so there could be a downside there as I would loose some control over the property.