Consult with an expert or feel free to send me a private message to talk details. 

If they tenant is $300 below market, that's costing you $3,600 a year.

We're looking to gather info about likely cost, pitfalls, time required, considerations when obtaining financing, etc. 

., costly to maintain), they may be open to a discounted or creative arrangement.2.

The larger the purchase price the greater the spread you need between purchase price plus holding costs plus rehab cost and ARV.  40k projected profit on a 600k project is too skinny for me. 

In that case, having it accounted for as a separate fee might attract more initial interest in renting the property - with the total cost being revealed later.

The management company has replied that they don't coordinate with neighbors and just want me to cover the cost of all the repairs. 

Note that legal and transfer costs are not deductible but can be added to your cost basis.

From there we identify properties that could have some potential and if you are interesting in diving deeper, 1) we do a thorough video walkthrough to give you a realistic look of the property, 2) we give a ballpark estimate of rehab costs (we do 40 a year with our GCs o we will get pretty close), 3) we talk through market rent with our property management team, ARV, and potential highest and best use.Ideally you find great investor agents who know their market really well and have a network of resources to provide you with enough confidence to take reasonable action. 

As for brokers saying "I don't work for free," they'll be paid out of the seller's agreed commission.