Water pipes are cheap and easy to fix (install PEX so they won't be stolen again). 

If you find yourself in need of expertise in "commercial lending that we're going to shove into residential because terms/conditions/rates are way better," where guidelines trump logic, let me know how I can help.I've stolen business from folks on your side, for example, by having them put the 5th unit's oven/fridge/sink hook-ups under sheetrock and calling it a residential 4-unit. muahahahaha. 

The 220 plugs stolen along with my AC unit.

Once I got it and started gutting it, gates and sections of the chain link fence started getting stolen.

If the walls are wrecked and the wiring is even partially stolen...move on to something else....if they neighborhood stole from it once...it will happen again either during your rehab or if it ever goes vacant.  

The $5,000 in repairs are for copper wire that was stolen from the home.

Very very good prices, and brand new merchandise with full warranty.

The truth is, the money will be squandered, wasted, stolen, shuffled off to pet projects, and otherwise misused while the little man suffers.

Also, he had his A/C stolen right after closing and it has been a headache with him to get the costs taken care of for replacement.Your thoughts or advice?

Interestingly enough, we looked in Memphis to purchase about 5 years ago, and the agent stated that they remove the AC units during vacancies because they get stolen regularly.