Can anyone shed some light on this situation?  

In each of the last last two years the owner has spent $30,000 in repairs and maintenance which is significantly cutting into the profit margins but seems to signify that the property has a lot of differed maintenance issues that are finally coming into the light.  

I think you're going to find that your age group will be very small on these forums and in REI in general, but getting started now with the learning process will put you light years ahead of 99% of other high school graduates.

My name is Caleb Gray and I've done a lot of light reading of BiggerPockets for the last few months including several forum discussions related to small, multi-family properties as well as the Ultimate Beginner's Guide.

Those are not words to be thrown around lightly, especially when they affect someone's reputation.

I have some of my vendors who do what I call turn key light.. they specialize in BRRR for their investors .. so these are different investors these are turn key light investors who can pay cash then refi. and of course they won't get cash flow for a 3 to 5 months from purchase while its going through rehab.. ( and I have only identified a few companies that I trust to do this in the US)... but at the end of the day its kind of the best of both worlds if you have the right company doing it for you.The reason turnkey is what it is .. is again it allows the west coast investor who has 30k liquid to 50k liquid to start in the business... and they are busy and they want it done for them.. not enough to do the BRRR method so they want a rental ready to go.. 

How much to change a light bulb?

6) Are things like ceiling fans, lights, etc being replaced usually included in a bid price?

I don't understand what they are doing so if you can shed some light on what they are doing that would help me. 2.

And if you want vintage light fixtures, definitely check them out.