I wish you would have told us the year, it makes a huge difference.Anyway, everything you mention, plus 1) get a camera run on the sewer line, 2) make sure the Elec panel is newer and sized correctly (a lot of HIs will just say if it's functional or not) 3) Foundation ( is it slab or raised?)

Hey Matt,I am aware of a program that can do that, just shot you a DM

Quote from @Michael Daniel: Purchase price 70k currently renting for 900 ARV between 110 - 140k need about 25k in repairs in my opinion@Michael Daniel Do you think you can raise the rent after the finish the rehab?

I am not aware of any meet ups in Gettysburg. 

@David R Pustelnik recommend you first focus on raising the rent for the first time in 10 years.By the way, how much have your property taxes and home insurance gone up since this tenant moved in?

Also be aware of Unrelated Business Income Tax (or UBIT) on leveraged real estate inside of an IRA.Or better yet, since you are self-employed - go with a truly self-directed Solo 401k plan, which would be a much better option and will help you avoid the UBIT on this investment.

If you are doing long term rentals and raising rents, you will have turnover of a significant number of tenants after their year of renting when you raise their rent.

I always bill back water/sewer/trash before raising rents. 

Are there any benefits I may not be aware of here? 

Requiring raising preferred, probably impairment to early investors may happen.