The value comes from the conversations ahead of time that minimize taxes by providing a framework strategy and an evolving pathway that changes with each conversation with your tax strategist and new deal that your investing career contemplates.

I'm interested in obtaining my first investment property this year. Any advice for what I could do with only 10k available? I've been looking into cheaper markets that I'm familiar with, but unsure of the best route. ...

They're minimally leveraged, if at all so they may actually make a couple of bucks a year, but they're buying on speculation. 

And one must ask themselves WHY anyone 'advertising' to teach others, won't agree to "share the risk" by meeting someone 'half way' for say a minimal down payment, then "doing the work" necessary, or they LOOSE their' deposit?!'

Since I am a busy professional, I currently focus on turnkey or properties with minimal upfront repair costs/time. 

I would do my best to minimize the time the shower will be down, press the repair crew to do it in one day.  

most standard lease agreements have a clause against sublets/sub lease but the more working class the area the easier it is to find rentals with minimal stipulations.  

I can refer you, if you'd like.That said, the others are right - you are quite close to a break-even / lose money proposition on this deal unless you can minimize the costs to finish it and sell it.

I'm not too concerned about the structural integrity as the two that see water are 20 year old metal buildings and the flooding is minimal intrusion.

This can be something fairly minimal, so long is it produces legitimate income that you report on your taxes, such as with a schedule C.