Hi, my Dad is having health problems and he has a rual property in Fannin County, TX (northeast of Dallas) with 65 acres (22 field), main house (2b/2.5b), guest house (1b/1b), 5th wheel, hunting cabin, pool, hot tub, carport, chicken coop, 3 stock tanks, ag land exemption.

But it seems like a dilemma - if you let some things go to reduce your up-front costs, then when you go to sell someday, you will either have to fix them on the back side or sell to an investor "as is".Some renters would live with a small amount of water in the basement, especially in B or C class neighborhoods. 

@Will Kenner this is always the dilemma we value add investors face when we take over an occupied building.

I also potentially have access to another home (at a wholesale purchase price) that is in need of a renovation but has some other things that make it desirable (large lot).Here is the dilemma. 

I highly recommend staying up to date on oil and gas industry trends as this is the biggest indicator of local economy health.

Big dilemma for me.

They are mainly looking for health and safety issues, and there should be a checklist on your cities housing authority website.

My wife has a good job working in Health Care and the goal for 2020 is to acquire our first multi fam unit. 

They seem to make good money but they don't have the greatest health and their body eventually breaks down. 

@Lance AndersonYou have described the great dilemma of small business/investment.