Prior to inspection I replaced one outlet cover.

(And I would tell you to not buy a property that doesn't cash flow unless you have significant resources behind you that could absorb anything that could come at you - like replacing a $5,000 AC one month followed by replacing a $1,000 hot water heater the next).   

We plan on replacing the flooring and possibly new kitchen countertops. 

Here are some of its vitals:- Zestimate: $345K (I know this is typically 10% or so high)- Last Sold: 8/2021 for $281K- Roughly 1400 sqft- Some cosmetic work needed- $25K left on solar loan- The home was build in 2004 and it looks like it has the original AC unit, so I am assuming that needs to be replaced too. - 2 story house with very small rooms and and 2 steps down, imminently as you enter the front door.- Gated community and in a reasonable HOA. - The home is 2 payments behind and already got a letter from the lender about future foreclose.

Our plan was to rent it for 3-7 years, and then sell it, before a roof, HVAC, plumbing, or even much flooring was in need of replacement. 

Boot includes any cash retained or the difference if the replacement property is of lower value than the relinquished property.

Pilsen is filling in and replacing buildings north of cermak.  

Washer dryer, maybe if I could fine nice looking ones.Depending on the quality of the rental property, I would look at nice used replacements for a range if the house was just in service and between tenants.

I’d be very careful about who you replace this tenant with. 

While they did try to get the lender to work with them, they don't want to replace the management company because they are part of the GP.