I would love to know an estimate of how much I would really need to start and advice on what i could be doing now.

The new car won't have maintenance for many years, while the older car will usually need it every year.

thanks so much in advance for your insight! 

You, meaning you need to attack budget travelers.

-How much equity do you have in the property? 

Need the law on my side lol.

Property registered under LLC which is owned by developer, however he mentioned he need to give remaining money and interest to previous seller first - I am not sure this impacts my purchasing scenario.Key Questions:1.

This is one of the challenges of buying older properties with LOTS of deferred maintenance.Just be careful about HOW much repairs you do and the QUALITY.You should fully understand what "Maintain to the Neighborhood" means! 

However, if you feel you need their input earlier, you could offer to pay for their visit to walk the property with you pre-inspection.

Then you will need to work through them to update their home insurance to a landlord policy.NOTE: typical home insurance companies like Allstate, Farmers, Farm Bureau, etc., have all sorts of limits on their coverage, which may require specific riders to be added (if they are even offered)You will want to be added as, "additionally insured" in case you are sued by a guest, worker, etc..You may need to explore other insurance options for the owner and then convince them to switch.