I hadn't heard that previously anywhere else.  

You need to figure in vacant, reserves, and god knows what else.

On paper, the numbers work, it currently has renters in place, although month to month and one unit is actively trying to move somewhere else because they need more space. 

This has been discussed alot on here.Some people seem fine with no cable.I have nice vacation rentals and provide an easy way to watch live sports, news etc.I provide cable channels or you tube TV.In my listings I state up front that I provide cable channels because I'm not cheap that if other people won't provide this what else are they cutting corners on?

The few that I looked at but didn't buy would have had to have all of the wood removed and anything else that smelled of smoke.

., should foundation work be done before addressing anything else?

As long as your out of pocket expense every month is equal to or less than what it would be if you rented somewhere else then you are still technically ahead of the game.

They put it under contract, then try to find someone else to complete the purchase.

I have never had a bad review on that and not sure anyone else they take care of have. 

I have more on the list I can call tomorrow, but just wondered if anyone else had experience for long-term financing solutions either that they used to purchase or to cash out.