Thank you for the input, I will measure the distance from the window sill to the third floor carpet, it's pretty low, let me see if I can attach pictures.

Then use that report as a guide to what else really needs fixing.Also, use this guide to prioritize repairs:1) Health & Safety issues2) Property Preservation3) Goverment Required (S8 and city inspections)4) Marketing negative impact5) MiscellaneousAlso, keep in mind YOU are NOT living in the home!

There is no appreciation beyond that like you have in real estate, but it is the easy answer to your question at the moment… and inversely related to real estate, so as interest rates go down on savings, real estate affordability will go up by the same measure (more or less). 

Talk to inspectors, local contractors and start walking properties (ask a local investor if you can tag along if they have projects in the works )- you start getting a sense of how much renovation costs are, what are major safety issues and what's minor, what your offer price should be, and the ARV.I can't speak to the mentorship program since I'm not in it.

Many investors use a general rule of thumb for midterm rentals that they should earn about 50% more in rents than an equivalent long-term rental (whereas short-term rentals should earn double or 100% more than if the property was utilized as a long-term rental).However, for DSCR lenders, change can be slow and challenging, and many lenders prefer and require more precise qualification measures than rules of thumb.

In my experience, inspections are typically about safety, not whether something is up to code (that's what the town building inspectors are for). 

It's worth the $1k or so to take the correct measures.

DEFAULTS Tenant will be in default if: (A) the Tenant don’t timely pay rent or other fees and charges they owe; (B) Tenant or any guest or occupant violates this Lease, property rules, or fire, safety, health, or criminal laws, regardless of whether or where arrest or conviction occurs; (C) Tenant abandon the property; ....When Tenant is in default, the Landlord has the option to declare the entire balance (all outstanding balances including but not limited to invoices, rent, cost due to damages/abandoning the property) payable hereunder to be immediately due and payable; the Landlord may exercise any and all rights and remedies available to Landlord at law or in equity and may immediately terminate this Agreement.XVI.

Ensuring the safety and security of my guests and property is of utmost importance to me.

The inspection requirements can vary, but properties usually need to meet their safety and livability standards.