@Hannah Singer The big-ticket items are the roof, mechanicals, flooring, tree work (if needed), major electrical or plumbing (if needed) older homes are more expensive to renovate and this one was built in 1958 (not too old).

The property inspector stated it was not in good shape in terms of the inside /,mechanics of the home , but the flooring ect was fine.Can turnkey work this way? 

@Bjorn Ahlblad the seller allowed me to inspect the basement mechanics.

That Burgundy door was apparently originally $1100  & I picked up a $475 full glass Pella storm door with the $85 lock mechanism for $55 (no damage) & we installed that outside the Burgundy door.

If the property is in a flood zone, but the house first floor and any mechanical devices are above the right elevation, you can significantly lower your flood insurance to a rate that could be very reasonable. 

You may wish to confirm that the new 401k provider has experience with the particular investments in which you intend to invest your retirement funds as you very likely will have questions in terms of the mechanics (e.g. how do you invest in real estate, etc.).3.

(New hinge on door, $99, Sealed garbage disposal line $99, repaired latch mechanism on laundry room $99, fixed faulty vent $99, Rehung blinds in den due to cracking $99, Replaced cracked molding around bathroom $99.)  

However, all other liens against the property, including mortgages or mechanics' liens, remain in effect as well.

A gut rehab (including mechanicals) with new addition off side of house2.

     I am trying to understand the mechanics/math behind a CMBS loan assumption and the cash/equity needed from a buyer who would acquire the property and assume the loan.Example parameters below:Original Loan Balance: $7.5MCurrent Balance: $7.0MAcquisition price: $9MRemaining loan term: 80 months Also any website/articles outlining the loan assumption process would be appreciated.