It is DRY and only has standing water a couple inches deep after heavy rains, but completely dries quickly... especially on my lot bc we are at the end where it is not very deep of a swale.The builder told me I couldnt put a shed or structure on it, but a fence was OK. 

I walked in one day and they were pounding all of my bare studs over one inch rather than rebuilding the frame.

I don't have NEARLY as many units as MIke, but what I can say is "give them an inch, they'll expect a mile".

If we stay in Charleston, we'll probably move somewhere else.I find networking with people at all levels of experience is good, and someone recently in Chs has a didn't perspective that is valuable.

Since Indy just got dumped on with another 7 inches of snow with more coming this weekend, I am thinking warmer climates would be best for winter rehab and investment work.

So just consider that and let your gut inch you around a little.3)  It sounds like you are ready to put down around 9k on that deal and you are almost at ease with your estimates. 

Second, I found many paint chips inside the building and I believe it is just due to its age, also one broken kitchen cabinet which only needs minor repairing and 2 windows with 5 inches long crack in the basement unit.Other than that, it is a pretty nice legal 2 flats property.However, my agent told me that the VA appraisal is not going to approve the mortgage since they think it is not in move-in ready condition.

The problem is that there are literally dozens of large (about 3 inch) albino spiders that hang suspended between the floor joists only inches fron your head as you crawl.

Monthly Expenses = $2800 Per Month: Current Management Team = $1000.00Insurance = $224.00Real Estate Taxes = $92.00Fiber Optic High Speed Internet = $89.00Cable TV = $52.00Trash Dumpster = $55.00Sewer / Water = $186.00Natural Gas (average) = $142.00Electric = $327.00Housekeeping = $270.00Ongoing supplies = $230.00Maintenance = $133.00Total RenovationThe renovation started in 2011 and was completed 2016 with entire complex being gutted to the studs, then completely rebuilt fully furnished inside and out to new standards, as follows: 26 gauge top of the line triple epoxy coated metal roof26 gauge top of the line triple epoxy coated awning and patio coverSingle hung gas filled energy efficient EZ clean vinyl tip-out windows4 new natural gas water heatersAll new plumbing throughout entire complex/buildingOnly #1 Grade Premium lumber was used throughout entire renovationQuality Price Pfister plumbing fixtures and lifetime parts180 feet of new 4 inch sewer line from the building to the street tapNew premium exterior fiberglass dimensional Colonial style entry door with new door jams, aluminum thresholds, all new lock sets and peep holesCustom picture framed windows with decorative edging and exterior door trim to matchCommercial toilets: all new PEX plumbing, shut off valves, bullets, supply lines, hose bibs, angle stopsNew attic and wall insulation with vapor barrierUpgraded electrical, HE lighting, new fixtures, switches, outlets, breakers, energy efficient lighting, vapor lights, rope lighting and HE flood lightsCustom artistic signage (3) built by Management TeamNew drywall, texture and highest quality Valspar paint throughoutAll exterior wood was hand primed and hand paintedNew vinyl fencing for corner lotPremium Quality pillow top mattressesNew hand textured walls (office), ceiling and covered entryNew concrete sidewalks, kitchens, baths, showers stalls, toilets, vanities, cabinents, counter tops, sinks, refrigerators, microwaves, deep freezers, dryers, A/C units, flat screen TVsAll work has been documents and permitted

I offered to do whatever is needed (getting pictures, running comps, driving every inch of Central Florida, and negotiating/getting contracts signed) to understand how to evaluate deals and what it takes to be successful.