The mist valuable thing then would be a loaf of bread, a roll of toilet paper and ammunition.

I do not understand how the past actions of owner, tenant and PM effect your pans to purchase a personal home or a investment property if the present owner terminates the existing lease.You have not made it clear in your post where the problem exists for you as a home buyer or a investor.

I think you should definitely keep the matching pink toilet, tub, and sink!

For example, it is possible that a property could meet your investment criteria on CoC return, but you could overpay if you spend $50k more than the comps ... no, this is not ok because if things don't pan out as expected you will not be able to sell without bringing money to the closing table and taking a loss.

Just from the pictures you loaded up I would say it needs:RoofWindowsPaint interior & ExteriorGutters and downspouts Tub shower combo in the first bathroom, new vinyl or tile for floor, toilet, tp/towel holders, vanity, shower trim kit and headInterior doors, knobs and hingesFront room - keep existing wood floor if good condition, new trim, update tile entry to new tile or matching vinyl for bathroom if usedKitchen cabinets, counter top, sink, faucet, appliances, flooring, trim, lightingGet rid of the brown fan replace with a brushed nickel 11" lightGet rid of the wall mount sink if door clearance is possible and adding a 24-30" vanity in the second bathroom, remove medicine cabinet and replace with mirror, or paint existing to match trim color if good condition, remove the tile from the wall and replace with wainscotting and chair rail trim, remove tile from floor replace with new tile or vinyl, new tile in shower because of window or paint tile if in good condition, shower trim kit and headAll bedrooms carpetI'm sure there is more to be completed at the house that is not in your pictures to include plumbing and electrical etcWhat size was the panel?

If you are the guy who wants to be a landlord and turn a wrench every time a toilet leaks, then don't do out of town.  

.), and it looks like the only requirement is that I also install low-flow toilets/sinks, etc.

Require two good landlord references if all three can pass credit check and all 6 references pan out, go ahead and rent to them.

You wouldn't ask a plumber to wire your house, you wouldn't ask an electrician to put in a toilet and you wouldn't ask a sheet rock guy to install flooring...There are so many tools and tricks to the trades it is very rare that you truly find a master of all the trades.

Another side to consider: if a toilet or shower stops working in a unit with 2 bathrooms, while it is a maintenance priority, it's not an "emergency" like it would be for a 1 bathroom rental.