We will be raising rents to market value and improving the units to a more modern look.

@Anthony JankeFinding something that would reduce what you are paying in rent would be an improvement but I would encourage you to try to find something that would at least cover your expenses. 

Some people recover, but cutting your body to "improve" your looks?

I believe you'll find this to be one of the finest resources available for improving your real estate smarts and skills.First off, you're referring to a "subject-to" transaction, wherein an investor purchases a property that already has underlying financing on it by leaving that financing in place.

I am improving my credit, but of course, it will take time.

I offered to house the items in our garage on the property for two weeks and all she needed to do was contact me when she needed access to the garage each time.  

The seller wants the purchase to be cash but I don't have access to a private money lender. 

They would fund 100% of the acquisition and improvement costs with a line of credit on investment properties that are paid off.

They are part of a condominium complex where renters have access to all amenities: typically one or several pools, a gym and yoga room, a spa and steam room, a kid's club, one or several bars, underground parking and a private outdoor area for residents.

Spreadsheet template:TOP HALF OF PAGE:Addresses of comps - price - date - bed/bath - special feature(s) of house - conditionProperties listed here with dataMedian / Mean / Lowest / Highest chartCommentaryBOTTOM HALF OF PAGE:Left side, improvements since purchase bullet points.Right side, details about how/why you got the property for less than fair market value, again bullet points.