Hey BP,I am a pretty new investor, 10 doors, and have started a new venture with 2 LP's. One of them, who owns 33%, is not a US citizen but is South African. 66% ownership is with myself and another American citizen. ...

Additionally, Chase bank tends to agree with me as they had absolutely no problem qualifying me for another mortgage, but Chase doesn't want to finance anything that has dry rot (which any discounted property will have) due to it being a health issue.

In many cases they will even require dry and flaking paint to be repaired prior to closing as well as rotten wood. 

The auctions are dried up anyways.

The two walls that I had issues with under the dry wall are brick so I'm thinking of exposing the brick since that's in style, cleaning the brick, patching up the missing mortar and painting it with a water proof white paint.

In just 8 months the replacement dryer is no longer working properly (sounds like same problem as last time- the clothes aren’t drying completely).

Here are just a few examples: missing handrails, no gutters or broken gutters, exposed subfloor, exposed wiring, insufficient heating elements, dry rot, mold, water damage, rotting or leaking window sills and trim, appliances that don't work, deck and fence in disrepair, wet basements, peeling paint, roof over 20 years old could get called out.Hope this helps and best of luck to you!

I would wait until you get your new job and then pull a HELOC on your primary so you have dry powder for a good deal. 

I believe it is a short-sighted approach because times might change and demand as well as free cash might dry up and then all the long-term investors who understand the benefits of leverage will have moved to those TK providers who understand it systemically.It also begs the question if TK providers really have the best interest of the investor in mind as pushing for cash purchases removes one important accelerator of ROI.

They are rezoning to PUD RMD 104 to 247 units on all 13 dry mostly clear and improved acres with 1580 ft frontage & city water on the street and city water & sewer across the street.