It's a changed condition, you have no obligation to pay.  

Value (CAP RATE) is calculated by NOI/Price...The market condition is basically what CAP rate people are paying in your market.Also think about this?  

The paint on both sidings is in good condition. 

Not every investor has the ability to buy a home in a distressed condition, hire and manage qualified contractors and then manage and deal with tenants themselves.  

Lived in one bedroom, rented out the other 4, allowing him to essentially live rent free.  

The roof is great, it has metal siding in good condition, and good exterior paint, drive, and all concrete.  

It’s hard to know how much cleaning should be unless we know the size and condition.

I have recently done some research and found who the owners are and that they no longer liver there. 

Our goal is when I retire that we buy a place in the Philly metro area to live/rent and begin REI.

I've noticed I have to take some of the older ones with a grain of salt because of the changing market conditions, but I would recommend starting at the very beginning, or at least checking out older episodes as you wait for the latest one to come out.