I am thinking maybe the owner would be happy to receive some rental income and instead of it being a money pit because he has to pay some employees such as a manager and gardener to take care of it while it sits empty and for sale. 

So looking to get this taken care of as soon as possible.  

This is less of an issue if you are focusing on non-students, but something to consider as you size a property.I would also agree - stay west of Q.  

If you have expertise in construction, you might want to analyze your CapEx more carefully with one of the worksheets I've seen posted on BP, over a timeframe of say, 20 years, after your initial renovation.

Good luck and be careful.

The way i am doing this is , i am networking with people on bigger pockets and will partner with them as they will be on the ground to take care of any issues that arise.

I'm asking for a friend ;)1) Do you approve all repairs, or is there a dollar value cutoff where you don't care if the manager just takes care of it?

If (when) things change, if the value of your property drops because cap rates have increased, as long as it continues to cash flow and your debt isn't coming due then who cares?  

Everyone is trying to househack in one way or the other, others just want to reduce or eliminate their rent and don't really care if they cash flow or not.

A judge don't care if it is in your lease it consider auto theft.