For example, I know that if the AC needs to be replaced (not ducting, just a condenser/forced air unit) this is $8,000-$10,000 for the switch out.

Most renters paying around $2,000 per month expect a forced-air system rather than electric baseboard heat, particularly in a three-bedroom unit.Only 1 bathroom makes the unit far less marketable for a young professional roommate situation which is a common tenant in this area.Parking appears to be readily available, so I would not recommend charging an additional fee for it.

The information contained in this post is not to be relied upon.

This would give insight on costs, timeline, what's needed, etc.

Given that this post was so long ago, I am curious to hear what you and your wife decided to do. 

If the answer is you would by this property, at that price, in that condition, with that $ to get to the place are now, then your probably best to sit it out. 

Also it might be the way the property is being marketed as someone mentioned drop the Zillow link so we can access?

I'm tired of working 48-120 hours a week in airplanes, hospital, helicopters, or camping in the woods practicing austere medicine to not be able to own a home as if the lack of access to healthcare wasn't a big enough slap in the face.

Less holding costs, plus hitting the market for resell at the right time.But.........in order to stick to a schedule, you need a tight, iron-clad Scope Of Work.

Good tips @John T.