Naturally if you can get in with private money and show you can make it perform they'll be more apt to give you a better deal but asking what they'll do is like asking what the weather will be like tomorrow in East TN. 

Add no weather related problems and stucco siding.

Sooooo, does anyone like @Bryan Hancock or @Dmitriy Fomichenko have any thoughts as to weather this would be compliant with IRS regs, or any other creative ideas on how to have Marilyn get her capital for RMDs without my spouse and my IRAs having to withdraw? 

@Chris Munichiello, if you buy solid deals, then you'll be able to weather any fluctuation in the market.

I don't know all the markets in the US, but of the ones I do know, any properties bigger than a quad are usually few and far between and usually end up getting snapped up by bigger fish otherwise you probably don't want to touch them.Things I look for in a market are:- Good School District- Low Crime- Low Vacancy rates (aka few rentals available)- Employment- TransportationOthers may advise you to also look for appreciation forecast for areas.

We’re wondering about how much of a risk this can be and weather we should consider it given how much discount or credit the seller can give us.Should we consider this deal, and if yes, what would the process and timeline look like to get the problem tenant out?

My main concern is that I don't know the weather/water patterns there well enough to know if the issues called out on the report are super worrisome and will need to be repaired ASAP or not.Thank you all in advance!

No income tax  same as FLA so that is equal2. insurance is probably lower3. prop tax's not sure but probably about the same.4. better airport.5. weather not nearly as harsh IE rain thunderstorms etc.. 6. landscaping can be just rock and is accpetable. 7 houses pretty much all stucco.. so no bug issues Closer to west coast which for me matters may not for you

The garage is old with a sliding barn door that does not seal the inside from the cold weather.  

I think the biggest concern I have is that you are calculating your "cash flow" without factoring in ALL you expenses.Lets say you are "losing" $1000/month....but it would cost you $1200 to live somewhere else.... so you aren't really losing that full $1000/month....since you have tax benefits, equity, possible appreciation etc etc.......but do you have the cash to deal with that "loss" and be able to afford the expense that will come up..... the upkeep, repairs, rehabs, turnover etc etc.....other expenses WILL come up....not IF but WHEN....When you are accepting short term "loss", you are counting on a long term payoff, often via appreciation....plus you have to have deeper pockets to weather that loss for extended periods