Typically do you buy fixer uppers, or houses that are done and ready to rent?

Tenants are typically responsible for all utilities (water/sewer/garbage/power/gas) for single family homes. 

Having said that, a couple questions:*If* a tree were to fall onto somebody's home, would my park owner insurance typically cover damages to a tenant-owned home?

I typically estimate 5% of rent amount.

Actually, upstairs looks very presentable - typical 80's style, but nothing like THAT - normal walls, floors, windows etc.

I typically look for 3 bed/2 bath - 5 bed/3 bath.

Business owner user will typically pay much more than an investor.

Dealing with D class tenants in SB is no joke and something a person has to be truly prepared to take on for pennies.Lets say we rent a D class house for $500/mo off Olive Rd. and charge a typical 10% management fee.

This property would most likely be rented to college students in a town with a population of 26k with typically less than 4 non-commercial units available for rent.Any advice or suggestions are highly appreciated.

Typically an investment property needs 20-25% down.