My parents are realtors in Tallahassee, where I'm from, and they inspired me to start investing.Told me about buying small condo homes to use as cash cows.Interior is all upgraded appliances, and the unit is near Florida State University.

Upgrades include refinishing hardwood, new kitchens/bathrooms and finishing the 1000 sq ft basement. 

You can always upgrade to Personal Student later on.

You just want to ensure that all of the major functions have been upgraded - like no more knob and tube wiring, for example.

I thought offering the tenant the option to pay what the repair would have cost them if the part was immediately available and receive a new stove in return was a fair and appealing option compared to having the tenant wait a month to repair the broken range."

Or upgrade your unit to make it more appealing to you. 

The Kitchen was upgraded with new cabinets, granite countertops, garbage disposal, stainless steel appliances that include the following:Bathrooms remodeledAll hardware and doors replacedCeiling fans throughout the homeUpgraded electrical switches and outlets2 car garage What made you interested in investing in this type of deal?

I've solved all of her plumbing problems, but there's a laundry list of cosmetic issues and the electrical system should be upgraded.

If the water main is broken or frozen (happened to me), you’ll have to have the city or the village shut it off from the street.

Generally speaking, if you borrow 100K (70k for the purchase 30k for repairs/upgrades) what will happen is this: To close they will require proof of 1yr homeowners insurance to be paid, eliminating the need to escrow it because HML are short term solutions they will probably require it to be paid back within a year.