So, if you have a 1950's property that is ugly but functional, bank financing is a viable option. 

Proper borrower documentation.  

I do not have mentor to show me the ropes on how to properly sell and manage properties or more importantly be the best advocate for my clients.

I'm a broker, and I have to maintain proper signage, have a physical office, etc etc.

There shouldn't be much to "managing" the LO if structured properly, but I assume you are an agent adn he wants you to be the property manager. 10% down is a fair amount on a LO, depending on the area. 

If the food is cleaned up properly, the ants will disappear.I'm curious...is it canned food or dry kibble food? 

I think that the property can work if properly managed but of coarse there is always a risk.  

To help lenders navigate the TILA-RESPA Integrated Disclosures (TRID) Rules, theMortgage Bankers Association (MBA) just released a resource guide written by two of the industry’s top compliance experts, Richard Horn and Ballard Spahr.Jeffrey Schummer, MBA’s Vice President of Education Development says, “TRID is 1,888 pages in length and affects every business functioning in the single-family mortgage market.

I am an engineering manager for a 25+ member team that designs and develops industrial automated leak and function test equipment.

My thinking is to update the kitchens with tile, nicer cabinets (stock so they don't break the bank), and add dishwashers (popular in our market) - but keep the other appliances until they stop functioning.