@Ryan DaultonNot a specialist in this but I was told I could not spend a penny of my personal money or sweat on this whether it be furniture, a light fixture or anything and that seems to be in line with the comment above

I am entering escrow tomorrow and although I have reviewed all the various data from this property I am still "inexperienced" and we all know that although a buyer's agent has a fiduciary they are still going to have a monetary agenda so if something might be on the fence they will shine a positive light on it.

Can you shed some more light on how it is rented?

I do not disagree - I think people have this FOMO and think that because this can be done that there is no risk and they are all trained light slaughtered cattle that it can be done without any money or risk.

@Nina PenuelaOne of the things we have seen, specifically in Ohio and Indiana is local building authorities target out of street owners with ridiculous fines and make life miserable.Had one where the porch light was out and charged a $50 fine.Another one claimed grass was not cut because it rained for 1+ week and did a $400 fine.

I need all new appliances (Fridge, Microwave, Dishwasher, Sink, oven/range)I also need flooring (Tearing out carpet ..yes it's everywhere...yuck)Will also need to repaint and buy new LED lights for my fixtures. 

Family holds a light industrial property that has been leased to the same large utility company since the 80s and has never had a commission associated with the lease.  

😂Can someone shed some light on this matter?

Cheap homes don't get light fixtures, or garage door openers, or door bells, or landscaping and the list goes on and on. 

You could easily find a light flip (carpet & paint) that also has the potential for a basement kitchen addition.