Capex is a function of the condition of the structure, the remaining useful life of it's compoenents and current replacement cost.

Very generally speaking, if the 1-4 unit property is being sold by an individual person and is habitable with functioning utilities, it will qualify for conventional financing. 

Stove is 5 years old....How should I address a perfectly functioning stove ?

He has become our spokesperson and conduit for many other admin functions.  

Also used the search function on bigger pockets because many times your question has already been asked so there may be more threads with alot more responses.

Just make sure you have functioning gutters and downspout with extensions away from the house.

(is it a gem in the middle of a war zone).Why is it 100% empty (functional obsolescence, or lender required upon takeover)?

Too many repairs needed for a bank.COC is a function of cashflow.

I've toured it,   it needs cosmetics but is clean and fully functional and should be fine with conventional financing.  

It functions like the Series LLC, so you would just need to establish the DST once and then be able to establish "child series" for your separate assets.You would be able to place properties from separate states into this entity.