Or, they must present an Approval Letter showing they are unconditionally approved for a loan; this must be verifiable because we will be contacting the lender directly by phone and email.The success rate of reaching closing is much higher if the real estate investors require, as a condition of accepting the purchase contract, that his C Buyers are Qualified End Buyers by my definition above. 

According to IRS PUB 527:Repairs (Expenses): A repair keeps your property in good operating condition.

I got a call from a homeowner who was facing foreclosure, they explained the condition of the house over the phone, the numbers made sense so I made an appointment. 

You may live rent free and a great way to learn how to landlord

I'm unaware of the condition inside the units (outside looks good) and what would take them to get up to market rents, but the numbers look good enough to make an offer.  

It's never vacant because of the location and because of the condition.

A few thoughts:$30k in renovations is a huge job for less than 1100sfZero percent chance I would put 30k in renovations to the property and then owner finance with 5k down as the chances are high you will get the property back and not in the condition you sold it

@Quynh-Chi NguyenI forgot to add: It is your property, which means you set the conditions.

Howdy, My background is in architectural engineering, commercial construction, and I can evaluate a building condition.     

I would consider it in excellent condition.