Depending on your jurisdiction and contract, this can play out a number of ways, BUT the repairs must be fixed prior to closing.

@Buyan Thyagarajan all depends on how risky you're willing to play it...

If youre closer to retirement and looking for a safe play then heck yea stick with a low cap rate that makes money but guarantees the payout.

How does the security of the solution play into running an incorporated enterprise and does that even matter when trademarking?

The best use of your time is probably not simple labor intensive tasks that anyone can do. 

Something interesting about myself is that I picked up the banjo a couple of years ago and play daily. 

This makes daytime investing hard on the sleep schedule but I cant expect someone else to hustle to fulfill my dreams.Currently playing: Grant Cardone's 10X Rule and it changes my mindset completely!

Maybe play dumb a little "I don't know if I'm in the right place..."

Lots of factors at play here... how many units are you looking to buy?

I am not sure what happens to that HELOC but that is not a game I would be playing.