Then you've opened Pandoras Box and you instantly have the guys in the HazMat suits with fans and plastic sheets all over.....and a bill for $5000 for something you could have done for $50.I used to do this kind of work on the weekends when the city inspectors weren't driving around :-) haha , one time the hazmat guy come down to check for asbestos checking ; it wasn't that bad it's actually 2k and insurance company for that in my case.( To be honest, the house with water damage is good to buy because it scares the potential buyer, but if it's located in good location we could sometimes purchase the house with 10-30% discount lol but nowadays even FTHB knows this secret too so they still overbid the house )but yeah, to the OP, if you want to be sure you have to cut the drywall, the more the better.

Local banks would be your next bet if you want something competitive but you would run into the same issues with loan value.

Bet you any amount of money...The problems are:- Do they want half down?

My team and I are putting together plans on how and what we should do but I'm already thinking ahead of everyone's role and percentage of ownership in this potential partnership.

The tenants are in violation of the lease (not to mention their actions have created a potential problem with city bylaws), so that may be your way to get them out. 

In Sunbelt states, where the housing market is particularly competitive, potential buyers are finding themselves priced out of homeownership, leading to a surge in demand for rental properties.

And here's the Big One: How many potential deals are you looking at weekly?

I am wondering if you got this question answered, my wife and I are looking at a 19 bed motel in our area, we are looking for help structuring the deal, calculating expenses and potential creative finance options. 

One potential red flag : allowing seller to make repairs.

Welcome Brandon - I have properties here in the wyoming valley.I am a native to the area.Scranton has many hoops to jump as an investor - esp. an out of the area investor.One is you'd have to hire a property manager if you do not live in the city of Scranton or within 20 miles of the city.Real estate taxes are high -that plus the current interest rate and ask prices makes cash flow an issue.You can find "deals" but please do your due diligence.Here is an example of a potential deal I am evaluating in the hill section of the city: 20 y/o, 2000 sq ft. 3b/3bath TH - Needs paint, new carpeting, and general wear and tear repairs after a 4 year tenant.