I'm looking at properties on Auction.com and I see in the Terms and Conditions a statement noting that upset bids can be accepted by the clerk of the superior court the following day and the original winning bidder has the opportunity to place another bid after that.  

A oil fired boiler , a water conditioning system , an oil fired hot water heater , a 4 zone mini split  system , 2 sump pumps , a refrigerator and the stove .

I would also want to have some sort of conditions on the sale of the lot that I would manage the project for a fee and that I would have influence over the type of home that is built, and that the builder would be in on the deal from the start, and it would all be structured to protect everyone and everyone gets their profit. 

We set aside a portion of our gross rents each month (usually 15-20%) in a capital improvement account and then we can use that account to fund repairs like roofs, AC units, remodel of kitchens or bathrooms, new appliances etc.You will always find something to spend on , I would spend some time to prioritize your capital spending, and to plan ahead of time for big ticket items to keep your place in top condition.  

At least until you have the property inspected to determine the current condition and life expectancy of all major components and appliances.  

Poverty is a mental condition that has been taught to these people since birth

If you can live rent-free in a 2-4 family, that would be the best way to go.

They paid the first month's rent, plus a security deposit which is saved in my business checking account which they will get back as long as the apartment is left in serviceable condition.

With the amount of development going on in 19146 and price points over 400k for finished new construction single family homes, developers usually snap up anything under 100k in any condition quick because that's about what vacant land is going for.

@Scott Skinger I'm glad you posted this, I've noticed lately the agents seem to have no idea what they are putting in the OM and the actual numbers, tenancy, and condition of the building are nothing like the building on paper.