.$200,000 could get you some profits like this, but then banks want you to have a little more money for a cushion for vacancies and unexpected repairs.

Since my spouse finances some of her properties herself, and the same applies to me - we would like to have a fair split in case of an unexpected life situation of divorce.

Was the passing unexpected?  

You might just have to save up some more money for the down payment bc if you need to borrow for the down payment, what will you do when something unexpected happens like cost overruns and other unforeseen expenses? 

It's worse than you think, though, because the building standards are absolutely horrific and the developer abandons the property the moment it can get away with it, and the common areas and structural components are not kept up by anyone. 

This grace period is meant to cover unexpected situations like your internet being down when you go to pay or other unexpected situations that happen at the end of the month.

On the bathroom side, that is going to be a major issue and may lead to unexpected/quick turnovers.  

I think MO, IN & OH & AL are a great mix of all those components. 

You might not have any capex expenses for a few years but you need to have reserves or be prepared to come out of pocket for unexpected capex items.

@Zachary Dooley Yes, you can typically ask for a price reduction to cover “unexpected” repairs, regardless of appraisal, IF you as the buyer were going to do them after the sale.