Good suggestions above.I would research the labor cost of a total resanding and recoating. 

Combined that can cost $50k+ which they may not want to pay nor their is the possibility they would not they pass the DD report.Nothing wrong with raising money in this fashion (FB or online ads), many do it and are great sponsors. 

Capacity and Tolerance. 1) Capacity: how many people can you comfortably fit in the property, is there room to add more, or add more value to the tenants to increase rent.2) Tolerance: How many people are you comfortable living with, if there are vacancies are you able to handle that.House hacking is an amazing path to homeownership, and a nice low barrier to entry into self managing your properties.

Its pretty amazing once you put pencil to paper on the cost advantages of NV compared to CA or OR  both being the highest tax states in the country..

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

The last deal I did like this, I bought a $145K home with about $10,000 out of pocket for repairs & closing costs

I did not see marketing costs, nights that you need to spend at networking meetings paying for dinners or memberships.

Quote from @Hanna Brown: @Jay Hinrichs If the bidder at the auction pays cash for keys to get the homeowner out, does the person redeeming from the owner position (exercising rights of redemption w/in 180 days) have to reimburse them for those costs they paid to get the homeowner out? 

Note that Sec8 comes with added costs & issues due to bureaucracy and state of the HUD departments in the area.

Anything that is worth going after will more than likely cost you money in the beginning.