I have several property proposals already, ready to present, my team and I will hand all aspects of the investment. we handle the acquisition, the renovation, and management.

Age and condition of roof, foundation, siding, etc.10.

@Mak K.Your best bet is to get multiple quotes and do research on the roofing companies.

So from that aspect I'd say its a good learning experience, however, with regard to the specific situation of the current people living there thats a good discussion for a local realestate lawyer. 

I do have a few other unique aspects of my situation, that I'll note below along with the property details.*  Property is owned in an LLC. 

Hahah most of the time if you ask "are you looking for someone local so that you can go knock on their door when things go wrong" it's a lighthearted way of saying in our technological age location probably isn't as important as the other aspects.

They would not renew unless the roof is replaced, and liability limits were cut in half.  

Now that I’m in real estate more full time I use fewer aspects of my degree as it has grown outdated 25 years later.

Basically most aspects of real estate syndications have taken their licks over the past few years.

Capital Expenditures (10-15% of Income)Rule of Thumb: Reserve 10-15% of your income for capital expenditures (CapEx) like roof replacement, HVAC systems, or major renovations.Why: Regularly contributing to a CapEx fund ensures you have the cash on hand for significant improvements or replacements, preserving the value of your properties.5.