The property was owner-occupied delivered vacant, and mechanically was in great shape.

I called a window guy I use and he basically dismantled the entire louver mechanism that controls the shutters themselves and then cleaned them as well as each shutter joint.

@Matt Stanley if it is worth $200-250k right now and all major mechanicals and finished basement are new what exactly would you be doing to bring it up to $325 ARV?

The 4 car garage is a big selling point for tenants but you must be discreet about not renting to an auto mechanic as the mess can be a problem to clean up.

This is a mechanism of the California purchase agreement and the seller agrees to deliver a unit vacant (if you negotiate it that way).  

Are the mechanical system in stable condition?

A house that was purchased for $8k in that kind of area, I would look really hard at the fundamentals - electric system, plumbing, framing, insulation, foundation, roof, mechanical systems - and pay less attention to fancy kitchens or bathrooms. 3.

Ideally, you make the laundry room in the same area you store other mechanical - like the water heater... 

I'm currently a college student here in Texas studying Mechanical Engineering.

Like it or not, the IRS is a partner in every transaction we do, regardless of the mechanics of the investment.