Look, you can do a VOD (verification of Deposits) and have a loan approval I assume?

This means that in the event of a worst-case scenario, laws regarding rent increases, damage deposits, evictions, etc. are more likely to favor you the landlord. 

By budgeting $0 for any up-front repairs, you're banking on the best-case scenario happening and not leaving yourself any margin of safety in case a less-than-best-case scenario happens.I also see you've budgeted exactly 3.5% for the down-payment. 

Safety comes at a price.

Perhaps you can collect an additional deposit for utilities to raise your deposit monies.

Also this unit is just the first year after the HUD safety laws came into effect in 1976.

Pet rent or deposit?

If they decide to move nothing, you can do but look for another renter, but you cannot hold all of their deposits because you are looking for a buyer not a renter be careful they could sue you.Joe Gore

I am not worried about safety issues for my future renters since the space has been inspected and construction is good but just thinking if it is even possible to obtain permitting after the fact?  

Since I'm totally just guessing based off of instinct that is totally wrong, let's bump that up to $25,000 for safety.