If you're financing your deal with agency debt, there's a very good chance that the lender will require you to provide at least 12 months worth of debt service at closing (Fannie Mae will likely also require at least 12 months worth of real estate taxes, insurance, and replacement reserves at closing). 

I pulled out of a contract on a duplex built in 2000 after inspection shows an immediate need to replace the 20yrs old shingle, HVAC, and  some other minor electrical.

They had a guy out when they gave me a quote and would only do full replacements.

So flooring, screens, door jambs, etc will be repaired or replaced if  damaged. 

When the roof on the building needs replaced, everyone pays for it, even if it's only damaged on the opposite corner from your condo.

For example, replacing a ceiling fan is the same cost whether the house is worth $50k or $500k. 

My area it is $6 sf to replace. 2000 sf*$6 sf=$12000/10 year life span/12 months in a year=$100 per month. 1 item already exceeds your capex budget.

If there’s a leak, replace the faucet water lines.

He has to replace one row of bathroom floor tile that was up against the tub.

Purchase: $115,500 including closing costsARV comps recently sold (2020): $170-$190KRent:$1100-1200Cosmetic Rehab: $18,000Repairs: $12-15K Because this is sold as-is and is an old property, there are repairs that need to be done such as foundation bracing, sewer clean out (inspector couldn’t get passed tree root build up), load bearing beam replacements in basement, electric panel replacement, gutter/fascia replacement, And a new water heater.