I will try and make it a habit to check back here. 

Most business is done somewhere in between.I'm not in the habit of defending PMs because I think a lot of them suck.

I would not be in the habit of paying other people's rent out of my own pocket.

Some items are full stop improvements (think structural things like a roof or foundation, which are inherent to the property being habitable), and others are quite clearly repairs (like fixing something broken).

You spent none of your money and you made $10,000 with no property to show (which is what you set out for).A few of the points may change of course like the numbers, a double closing, your relationship with the owner and your cash buyer are vital.

Passed VA appraisal/inspection even though one of the duplex units was barely habitable and the noticeably buckled floor under the floor ended up being due to ongoing water damage.

Common areas where they habitate are a refrigerator condenser because it is so warm, by a kitchen sink, and in bathroom vanities.  

Your tenant know that as that have a habit of doing that in the past.

It's vital you leverage from experienced investors to mitigate your own headaches/financial loss. 

As far as I know, Banks aren't in the habit of selling THEIR assets at 70% as-is market value.Will they let you buy their stocks/shares for the same 30% off their traded value?