Having all Section 8 tenants may cause you to have a higher cap rate on your exit due to a higher headache factor surrounding Section 8.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

If the pipe is 50 years old and had a life expectancy of 30 years, they're going to argue it was due to lack of care on your part and try to deny the claim. 

Needs all new cabintry, windows, doors, roof (has some life left), fixtures, fencing, some electrical and plumbing changes, and some framing/drywall due to termite damaged sill plate in areas.

Through a wholesaler and we negotiated after doing thorough due diligence How did you finance this deal?

Monthly housing cost less (due to tenants paying rents in the other units)2.

@Greg StrunakA good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

When paying them , in our contract should we put that we will be paying them out of “rental value “ , “rent due” or “rent collected”

I've done some preliminary due diligence (as the lender) and feel I have a pretty firm understanding of how it works.