@Timothy Burnes Don't do it. 10-20k in equity is not worth all those issues.Bed bugs are a significant defect that can take either $5000 and tenting the whole building for heat treatment, which requires vacating the tenants or getting them hotel rooms for a few nights, or a sustained program of prevention with bed risers, leg traps, sealed mattress bags, and the tenants need to keep it up for.. get ready for it.. 6 months, which is how long they can live without a meal.Sewage in the basement could be a big issue if you have a sewer backup problem.The sinking toilet sounds like it needs immediate attention, but at least that's a straightforward repair.The other issues are what I would consider "normal" as in, you could fix them but don't need to in order to make the place liveable.Based on the bed bugs alone I would avoid... if you are comfortable with this level of rehab you should be getting a way better deal. 

I am currently running into an issue with some lenders which prevents me from acquiring financing.

The other reason I wouldn't put down 20% is that it eats up more cash and prevents you from getting into another property more quickly.

@Allyn BecarDoing so gradually will prevent them from leaving immediately of getting shocked and finding a new place.

Consider allowing for such instances in your budget.An Architect with a crew to do the work that he/she has used in the past might be a budget saver in the long run.Watch your property tax increases as you build out and once you are done--some places tax percent complete and time over runs with no income coming in eat into the budget.Actual colors can be a pain, consider having an in-situ (that's latin by the way) color board area on the building where you can try a few similar colors (and finishes) live and live with them for a week or so before deciding on an exact palate and finish.The more specific you can be (the more you know exactly what you want) the less Architect time you will burn.Using someone who has recent build experience in your area, with similar projects may help prevent costly errors re inspection times, and local code knowledge during budgeting... ie does your HVAC have to pass retail inspection, or Mall inspection...a costly difference, especially once in place.

This can be a very good option for tenants as it prevents the possibility that the landlord drags their feet in getting it re-rented or has to lower the price to get it rented quickly. 

The difference is that instead of a lender and borrower, the scenario is a vendor that helps schools, churches, and other NPOs fundraise, and an organization: agent refers NPO to agent who is affiliated with vendor, vendor offers referral fee to agent, agent splits referral fee to agent that referred the nonprofit.Is there anything--legally or ethically--that would prevent agents from doing these, or can it be done, without any issues?

  ( carpet is 4 yrs old so want to do preventive cleaning. no charge to tenant)  Tenant wants to get vinyl wood flooring instead and says she will pay for herse lf.  

You may be able to get a non-refundable option payment from the tenant-buyer and can potentially contractually lock-in a premium above the market value on the future sale, which may prevent you from losing money on the resale, if the buyer can actually complete the transaction at a future date.

It looks like my HOA prevents any leases shorter than 6 months so as of finding this out tonight, it's looking like I'll have to long term this one.