As a result, we have significant water damage to the floor and rugs in that 2nd floor bathroom and a bedroom, plus there is even more significant damage to ceilings, walls, furniture, and rugs to 2 bedrooms on the first floor.Our initial goal is to dry as much water as possible with wet-vacs and dehumidifiers.

The financials would show what is possible. 

Architect and broker How did you finance this deal?

MLS photos are intended to make the property look as good as possible, that's why actually going there is key in pulling accurate comps.

I own the two homes next door and rent them for 1425 and 1350/month plus utilities.  3% annual appreciation.I would be putting 20-25% down on these and would be cash out refi-ing from some other properties for the down payment or possibly paying cash for deal #3+4. 

Is it possible for the investor to exit this deal at a later date?

How did you finance this deal?

I'm seriously considering trying to find something there, but need to build up my knowledge and contacts of reputable agents and contractors etc.I'm interested in multi-family, STRs, commercial, self storage, and possibly even flips if the right opportunity came up.

I still have plenty time left saving but when the time comes I’ll either be looking into conventional  loans, or some type of remodel loan to pay for the repairs of the property I am looking to fix up, because as far as I’ve seen so far it’s hard to find a good deal starting out unless you buy it as discounted as possible and put some sweat equity into it, let me know your thoughts on that ur possible.

Hard to say which way this could go, just keep good notes, records and photos, dates, times etc… maybe this could possibly go under their previous policy?