In a year if you finally got an eviction you lost the ability for that $100k to generate revenue as a squatter house is not going to be appreciating based on the condition they will leave it for you.

.- Property Condition: I will sign paperwork if someone is ready BUT I make it clear that marketing will not commence until the property is walkable, cleaned/tidied up, and presentable. 

Just looked at the pictures and video he sent and believe he said that the house is in a good condition and I don't need and inspector since it renovated the whole house.

Determine what you are looking for in the best multifamily property; this could include things like location size condition rental potential cash flow projections value-add opportunities etc.

Multifamily property size, location, condition, and financing terms can all affect the amount of money needed to purchase a home in a B-rated region.

You can always try holding it if your lease is solid and you did need to return the property to rentable condition secondary to tenant negligence.

You each should contact your insurance company to see whether your policy contains flood or "difference in conditions" coverages which may be able to help out.

However, remembering my own student days I can say that if the rent is right, they are often less picky about the condition of the house they live in, so if you house-hack you may be able to do the repairs at the same time you are renting out rooms. 

New builds have been a fantastic option recently because they HAVE to sell their inventory no matter the market conditions. 

The secret of getting ahead, is getting started.It is vital you connect with a realtor anywhere in the United States, who will take the time to understand your desired type of property and areas of the market you have been looking in.Learn about the good, bad, and ugly regarding distressed properties, whether due to  property condition or the chain of title.