Recently settled on my 5th IP in Sanctuary Point. Before I continue, this is probably the worst purchase I have made in my investment journey, but before I diverge, the purpose of this post is to provide a guide of the cost of items that need to be repaired before it can be rented out (hopefully it will provide some guidance to other investors on the costs of repairs & indicator of the ease of engaging tradies). I'll post the details of the purchase in a separate thread and describe what made this purchase so crap (that post will hopefully educate other investors on avoiding the mistakes I made). Anyway, the list of items so far include: Replacement of cracked lounge room window Significant portion of the fencing needs to be replaced (termite infested) Drainage from how water heater needs to be modified Missing man-hole cover Reattach garage ceiling ... seriously WTF? Repair roof tiles Upgrade electrical switch board to new standards Minor repairs include replacing bathroom exhaust fan, leaking taps, resealing tiles.... to be expected The settlement takes place on Saturday (21st) and I'll be making the trip down from Sydney and should get a rough idea of the costs involved (the PM and a local builder will be involved in the inspection). Will keep you all posted.