We believed that the main portion of that fee would go towards the tax strategy portion where your designated ‘tax team’ would help you create a customized ‘tax strategy plan’ to minimize your taxes moving forward, while the tax preparation for a simple portfolio like ours was thought to cost no more than $2k of the total fee.

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

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

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?!'

If the sellers were supposed to and didn't, he or she might be just as in the dark as you. 

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.