It was a little nerve racking for sure but I made 300% + on that first deal.  

Examine market rents and try to pretty up the property to raise rents moderately?

Crazy they will do 90% LTV as that is over the federal reg amount and banks typically don't like to make exceptions (fed examiners don't like exceptions).

This may be a ridiculous question - I have been using the BP calculators as I examine my options in the Philadelphia area.I will be drawing my full purchase price and repair costs from a personal line of credit and intend to refinance once I get a renter in the space.  

Fail examine an incoming email address.

So this process is both nerve-wracking but exciting to me.

When I did the walk through the actual occupancy was 85% and by examination of the leases and the condition of the property that’s what it clearly averages.

If the bricks have deteriorated or the mortar washed out, then you would be heading in the direction of rebuild/replace rather than repair.You should probably consider having a foundation specialist and/or structural engineer examine the foundation and provide you with an effort and cost estimate for repair/replacement before finalizing a purchase of the property.

Related to that if you pull a heloc on that property immediately prior to selling and then attempt a 1031 the IRS will, if they examine your return, most likely disallow your exchange. 

I think this is all newbie nerves taking over me or analysis paralysis type situation.