Wholesaling first tenant occupied rental property

[Mike Barron]

I've been avoiding tenant occupied rental properties, but now I'm considering putting one under contract. I have two issues though.

1) I'm not sure how to show the property to multiple buyers with a tenant in place.

2) I don't know with 100% certainty if the property is a good deal.

Here's the details:

The property is a 3/1 @ 875sqft and is in good shape, but it could use a few upgrades along with a new roof. The upgrades would be around 7-9k. The owner has put in hardwoods, windows, and upgraded the bathroom and the kitchen.

The property is in a so-so neighborhood and comps put this property around 32k, and it is currently rented at $500 per month.

So, my questions are:

1) What's the best way to show a tenant occupied property to multiple buyers?

2) What price point makes this a good deal as a rental?