On Buy & Hold: They must have at least six months’ worth of operating expenses in addition to downpayment if financing, closing costs and improvement funds if they are upgrading the property.

I am very handy so would do any upgrades and he would pay for materials.

I flipped a property several years ago and ended up dumping my gains into an upgraded primary residence.

My property manager will be hopefully walking both units tomorrow and I will try to have him ballpark estimate what turnover cost could look like with upgrades.  

I have an upgraded Grammarly account that I use to rewrite paragraphs for newsletters.

The tenant wants all kinds of repairs and upgrades, the investor would probably prefer to pay for none of that.

I see that you are currently signed up to a Pro monthly membership.If you'd like to upgrade to annual membership to get the free landlord forms, you can upgrade to Pro annual here https://www.biggerpockets.com/settings/subscriptions.

My understanding is, no, you may not make repairs or upgrades to property held in your SDIRA yourself.

Many reason I stay away from Condo's including:HOA regime feesUnexpected and expensive HOA assessment fees for upgrades or repairs that you may not agree with.RulesClose proximity to others that could cause disagreementsSaturation and competition on renting condo's ParkingI would personally never buy a condo for these reasons and look for a deal on a house.

Quote from @Alfredo Cardenas: My CPA got upset when I told him that he was wrong.Already told you: you probably need to upgrade your CPA.