I'm curious on how your HOA interprets damage due to a clog in interior plumbing. 

They are currently renting for $565. and the interiors are not too old.

The rest of the overage was spread around fairly evenly; $1.5K for bathrooms, $1K for doors (interior and exterior), $1.5K for demo, $1K for framing, $1.5K for painting. 

Also the property needs Needs: Siding repair, gutter repair, exterior and interior paint, garage door repair,  flooring, kitchen appliances, other minor repairs.I have about 6500 cash right now, should i look for HML that may work with me?

Also the property needs Needs: Siding repair, gutter repair, exterior and interior paint, garage door repair, flooring, and kitchen appliancesI have about 6500 cash right now, should i look for HML that may work with me?

It was in terrible shape on the interior.

It has some kind of damage in the rear two bedrooms where the floor is sinking but solid stone foundation, cedar siding, good roof, 1960s/70s interior. 

The reason is a tenant might do shoddy work on the cheap side just to open and then try to pocket the difference in TI if you just gave them the money.When my clients buy strip centers you walk the units to see the level of interior finish quality.What I mean by higher cap is actually lower cap.

Further, the interiors are already rehabbed, so your potential rent upside following the repairs will be limited.

Are there any interior photos?