From an early retirement standpoint. this can either set you back or set you ahead by 10 years vs going outstate or to a private institution if you have three children.  

If they are taking action, is it sufficient to have the property perform per the budget?

You might be able to get three if the zoning allows, but you'll need to take into account parking, setbacks, and open space requirements (lot coverage %). 

I'm approved for a small HELOC and looking to purchase three single family homes in a small town west of Columbus.

All three cabins are 1 bd each and are almost consistently rented out nightly to weekly for $70 a night.

We also like three bedroom/one bath houses.

I suggest you arrange for two or three specific dates/times to have your "money partners" view the home.

Legally, there are three ways in which rent can be paid.

Yes, I'm still seeing recording take up to 90 days in some locations...in others it's only a week or two...The three MLS systems that I'm a member of all have requirements that property status information must be updated in the system within a day or two -- if you close on a sale and don't update the MLS listing within a day or two (specific time limit varies based on MLS), you will get fined.I don't know any agents who ever even check on the recordation status of their properties -- the closing agents generally just tell the buyers, "If you don't get a stamped deed back from the county within a couple months, let us know..."

Manager lives on-site.Ok, those are the things that are positive about the home and community.Now for the things I feel would need to be added/completed/renovated before ready for sale or rent:New gutters - ~$800Laminate flooring in kitchen and bathrooms to match entire house - estimated $500Stove/Oven - ~$600Fridge - $700W/D (optional) - $600Window in master bedroom - $200Ceiling fan in master bedroom - $200Kitchen sink - $200Redo all door trim/paint all doors/rehang, replace or adjust a few doors - ~$500 (just a guess)Add small door to water heater closet ~$100New master bathtub - ~$8003-4 panels of skirting need to be replaced - $ (no idea) but estimating $200Ramp/Stairs/Deck leading to front door needs to be replaced - $1000Landscaping in front - $200Cleaning entire home to make ready for sale - $200I'd like to get a foundation specialist to look under the home (free)Roofing specialist to talk to me about the metal roof (free)I need to ask her about the furnace (forced air) and its age and working condition.I need to factor in about three months of lot rent (at $375 per month) for the renovations to be completed - $1125And I'd like to have $1000 set aside for unexpected rehab expensesGRAND TOTAL = $8925This would mean that our negotiations to the seller would start at $11,075.First, are these figures anywhere close to realistic?