That should mean lower maintenance fees or higher reserves. 

That is with annual maintenance costs and other expenses considered as well.

Deferred maintenance list5.

Generally I take care of everything so the house needs little maintenance for years to come. 

At the top of my list is how high maintenance I believe the prospect is (this isn't always known early on, but if it's there from the get-go, it's a deal breaker).  

The house also needs a full gut and has damage from deferred/lack of maintenance. 

Also more likely there is deferred maintenance and less likely they've recently renovated the kitchen, baths etc. which is almost always the case with this post crash group.

Perry is desirable, at least in part, because of the character of the older homes - with that is pre-1900s home maintenance; Logan is great because of Gonzaga and Moody schools; Hillyard and West Central Neighborhoods have good value rentals with a little higher turn-over rate.

We do our own management and maintenance

I've had sellers who offer seller financing but they don't understand their own numbers and the property simply doesn't bring in enough money (after accounting for all expenses and reasonable vacancy and maintenance reserves) to even pay the loan.