What @Dmitriy Fomichenko and @Matt Devincenzo said are correct.  

Is my thinking correct that homes in highly appreciated areas won't benefit as much from Cost Seg. 

Both screen doors upstairs do not function correctly.Plumbing problems-The garbage disposal in the kitchen was not cleaned, is smelly and the rubber is flipped outwards.The bathroom sink in the smaller bedroom does not drain correctly despite us using an entire bottle of drain cleaner on it.Common areas that are not kept clean or have garbage-There was no attempt to clear the patio of years of accumulated debris and filth.

This is my first post so forgive me if this wasn't the correct forum to post this question. 

It might be overpriced or might be correctly priced but is not generally desirable because of the work involved. 

Here in TN we issue POQ within a couple of days of rent being overdue, usually giving them 14 days to correct before official eviction proceedings start.

A more realistic expectation is 24 hours which will ensure we can arrange any repairs or corrections with a team, handle it in person, etc. be curious how this plays out as I worked for local developer for a while and developed several properties in Alexandria (Specifically old town) and while the city is challenging like any city - they were mostly realistic.

Asking in the correct forum will get a better response.Read the RULES!

If you have any corrections to make please let us know. 

Quote from @Sarp Ka: Quote from @Patrick Roberts: Quote from @Sarp Ka: Quote from @Patrick Roberts: Am I understanding this correctly that youre expecting to get a $700k property for $500k because youre paying cash?