Replaced the furnace for a high efficiency one, ran CAT6 networking to all rooms, enlarged and replaced 4 of the basement windows, replaced the suspended ceiling for drywall, installed 11 (yes 11) interconnected smoke alarms and sprinkler in mechanical rooms, repainted basement walls, replaced one of the rooms flooring, added gravel to the 3 parking stalls (currently was dirt).

Very minimal repairs are needed, I might replace the carpet in the basement for vinyl plank but it is not a necessary repair.What was the outcome?

Replacement usually falls under the HOA for exclusive use common area.

What that company did point out was that the coverage would only replace the permitted units but the basement would be unfinished. 

Figure out if you're replacing income from your current W2 job or building an empire for retirement 2 decades from now.4) How many hours per week/month/year am I able and willing to spend on this endeavor? 

They are selling their property and will replace that property with another piece of investment property using a certain process. 

Sell the property and replace it. 

For example we have one flipper that likes 3 bed 1 bath cape style houses where the roof needs to be replaced.

Everything was replaced in 2013 after fire damage so no known repairs outside of accidents or "acts of god".Great long term tenant has paid $600 since 2014 no real reason to raise, it's about avg for the area.61k would be a top dollar figure as it still falls within numbers I was seeing with cash buyers in the area at the moment.

Two of the four panels are crinkled and dented in several areas.The replacement is about $1,100.