Provide the tenant an option to install a security system at a cost to them, since there are no police reports about break-ins. 

I have a family member that’s willing to lend money from their HELOC for my next deal to cover rehab costs.

Being upfront with clients and highlighting your strengths—like your market knowledge and dedication—can help minimize the impact of transportation issues.If you're concerned about the costs, maybe focus on building a client base close to home, where transportation won't be as big of an issue.

Can you associate a cost with this undisclosed issue?

My main concern is regarding cost-basis and future capital gains tax when I ultimately sale the property. 

Chris was partially correct ... the Roofer (Company I hope) should cover costs related to the roof, damage inside, and on/to that property.

Contact a lawyer to specializes in elderly or people with memory issues and ask them what their thoughts are.As for why the property was sold, that is a decision up to your mom and whoever she gave power of attorney to. 

I am interested in searching for such units within wake county is there any way we can put together a meeting to discuss the overall cost of such an investment considering my VA benefits?

I'm not sure if this is acceptable in your state, but an example might be; the master would be Heavenly Homes, Series LLC, filed as required and obtain a certificate of good standing, tax ID number, etc. for the bank account....Then, "Heavenly Homes Series One LLC" file it with that name, it has a tax ID, certificate of good standing, etc. take that to the bank show the Operating Agreement for the powers granted to those members. 

I'd like to agree with him on a price and pay for the rehab and all of the costs and then sell it for him where he would take the agreed upon price and I would take the profit.