I did want to let everyone know that I took @Brandi K.'

Best regards,Gio K

Do I spend 18 K to replace it even though it’s working fine but corroded? 

@Lue Yang FHA will give you the lowest downpayment with you being a nonoccupant coborrower.You can also do conforming, but downpayment will be 20-25%.BTW - if you find a property that needs repairs, you can look into an FHA 203(k).

Hello @Van K Tran,Real estate markets are not homogeneous.

What I found out later was that this seller and the prior lienholder is that there were private discussions and they did a "favor" and increased the payoff knowing they were about to "close" and likely thinking NO ONE would ever find out because IF it had closed, it wouldn't make much difference to the seller and the lender BUT since it didn't close (and might have been the whole fraudelent intention from the start) now the seller has a paid off property, and extra few hundred K in the sellers pocket, and when requested for the prior lender to return the wire, they REFUSE.   

Quote from @James K.: Hi all, I'm thinking about getting into the STR market.

Yes, I am fortunate that a lot of the properties are 3.75% or lower, but I do have 4 above that, and all with mortgages under $140 K. 

Quote from @Steve K.: Although not as sensitive as hardwood to temperature, humidity and sunlight, these things still effect LVP.

It has 5 bedrooms and earns 5K per month, but the owner is asking for 360 K.