Draws in good demand for long term rentals as well as appreciation. 

Seller says estimated cost of roof replacement is $34,500, mold and drywall remediation $8,700 and kitchen and baths are in original condition.

Don’t send them to find motivated sellers.  

I did not mention, but this is a probate sale, and the seller is the executor of the estate.

I initially offered $200K in cash, but the seller countered at $240K.

Seller Financing / Sub-To: Take over payments or negotiate terms with sellers to minimize upfront costs.  

@Geovanni Cano sellers don't like FHA, it is meant for people with little money and very low credit score, plus you have an FHA inspection which can derail a deal a week before closing, nothing the buyer can do.

The sellers you are dealing with in these situations don't deal with prorating Taxes, or any other kind of prorations, that is what an escrow agent does. 

* Does it significantly affect rental demand, vacancy rates, or rents?

If you have a cooperative Seller, walk through each unit and inspect together.