There is a same model 1 street away and looked quite nice all fixed.  

I would go to open houses in your area or even model homes so that you get an idea of the type of style that is popular in your area.

Some CPAs push back when asked to put one-time repairs on line 19 "See Statement X" instead of line 14 where it is un-itemized.

I have a model that I want to follow.

If I am interested in acquiring it, I do my "legwork" and itemize and adjust the numbers as I work through a specific property to see if it makes sense for me.  

Certainly no basis for a business model.

Below is the spreadsheet model that someone posted and I decided to do an analysis on the first property I saw on realtor.com for this area.

When it comes to purchasing discounted mortgages as a business model, what headaches or difficulties or nitty-gritty annoyances have you discovered in the note business??

So I think the only item I need in my lease is a clause that specifies that a tenant may be removed if all tenants agree and remaining tenants are able to ....Anyone have a clause example or how they would stipulate this in their lease?

You'll also have to address who pays for any initial items (deferred maintenance or rehab) that may be required right away.Good luck!