Speak to your lender/broker for a closing costs estimate, which will be much more accurate than a percentage range. 

Buy and hold notes (performing and non performing)3.

Much more accurate & protective than a general number.

Once you find a house that you believe would be a good rental, meaning desirable to your target market of customers (people within a couple of mile radius of the place), and all of the costs of monthly ownership that you can accurately project fall below the rental amounts that you project that you can get from your target customers, then you have a possible business asset that you can use to produce income, and have renters pay down the mortgage, while hopefully it goes up in value at least with the rest of the economy. 

I would give written notice to the tenant of the violation, and then perform a property inspection in 30 days to see if you still see evidence of the violation.

I would also want to verify that the renovation budget is accurate. 

Tenant’s failure to maintain any item for which Tenant is responsible shall give Landlord the right to hire someone to perform such maintenance and charge Tenant to cover the cost of such maintenancePremises defined in the lease as follows:  Landlord rents to Tenant and Tenant rents from Landlord, the real property and improvements described as: address of the rental property (“Premises”).1.

If you have a BAD tenant experience on this property as a rental and lose several months of rent and incur substantial tenant damage that is all coming out of pocket whereas if you had even a handful of rentals the performing rentals and the monies budgeted for capex/maintenance/vacancy will carry that sort of loss.

If they are there, then their numbers are accurate except for cash on the side. 

Do you see anyone given an auto loan, mortgage, boat, without confirming financial viability to perform on the conveyed financial burden?