(We had a slab foundation but I would imagine pier and beam with wood subfloors and floors would dry just like the framing will).

There are few thing to fix: roof, plumbing, kitchen, painting, floor, foundation.

That means find a house where there aren't going to be any hidden issues with very expensive things (i.e. foundation, roof, mechanicals), and get a good inspector to make sure they agree with your assessment before buying.

I've now read a couple real estate books (currently reading Anson Young's Finding and Funding Great Deals), and have begun to develop a solid foundation of real estate knowledge.  

When investing in Condos, would you scale back Maintenance and or Capex percentages on a Buy & Hold rental due to roofs, foundation, outside expenses included in HOA fees?

The attorney indicated there are foundation issues which are preventing them from listing it yet.Background - I am a general contractor and realtor.

The house has major foundation issues, major roof issues, holes in the floor, and is generally in major state of disrepair.  

I'm getting my financial foundation in order right now, but soon I will be ready.

Bathrooms need updating (there are 3 total) I believe the enclosed back patio is out of code, built on insufficient foundation.

Biggest things I'd look at is how is the foundation, what kind of wiring is existing, type of water supply lines etc.