They might want you to stew in it if you can't do the rehab.Your best scenario would be to bring in a partner on the flip who is experienced and share the deal with them to get the experience if you can.

I can say I've moved to STL about 5 yrs ago and I was at the gym right by the McDonalds/ Lindell Blvd area you're talking about and I feel safe and have not run into any issues there.St Louis is street by street - it really depends.You'll be able to rent it fast there due to it's location, I'm certain.

Just initial talks w my civil, I think we can get 40 pads or so.

That being said, here’s what I would recommend for a thorough DD process:-Build a plan in advance (setup a spreadsheet, meet with the team, etc)-be prepared to take a lot of pictures -document notes with each room (we use notes on Apple and share it with the team)-align the team on standardizing information (example: what does “bad” mean, what does “okay” mean, etc - everyone looks at things differently and you want to make sure the notes are accurate during your debrief)-bring in professionals for things you can see, like sewer lines hope this short list helps! 

You can replace it later.When I replace I get rid of carpet, but wait till it needs replacing.

Having a real estate license is NOT required to be a successful real estate investor.IMO, it can help though!

Can someone update us of timeframe to resolve the issue?

We use accounting software that codes the income and expenses to the property (called a class) so we can run P&L;s on each property with ease.Your accountant and bookkeeper will also thank you later for keeping it simple and avoid significant accounting costs. 

With Tenant Turner, we can set specific requirements that prospective tenants need to meet before they’re approved to request a showing—such as rent-to-income ratio, pet policies, and other key criteria.

Create systems that make the business repeatable.Taking actions can be a big hurtle.