Alrighty back to installing patches.

A couple of easily patched holes in the drywall and you can pull wires all over a property. 

Pretty good shape (needs a roof patching.. hopefully not a new roof!!).

@Marc RobersonWhile I am 100% on board with you on the payment of HOA fees, many HOA have become ultra aggressive with fining residents and charging rediculously high transfer feesThe hiring of private firms to fine residents for a lightbulb being out, a small patch of dead grass or a fence board falling down is purely to drive revenue.  

Patch of Land started the concept of pre-funding debt deals.  

It's a big city and I'm sure that some patches in any city can make it look worse than what it really is.

Have you had to decide between covering up surface issues, or fully removing older materials to get the old funk out of a building.I know it is going to be way cheaper for me to just keep things as it is - new paint and a small bit of patching and the walls and ceilings will look just fine (I plan to rent this between $1000 and $1200 for a 2-bed, 1-bath SFR with a great little yard).

You will need to cut the slab to lay your plumbing (supply and waste) and then re-patch.  

I want to add another layer of subfloor to strengthen the floor after patching in certain areas.

Older guy had it since 70's, seems like he did all the work there ... a lot of patch up stuff ... there is some plaster on the walls, probably asbestos is there also ... that's why I'd like to do a total gut, not sure how up to code things are done there.