I would probably get the vacant unit fixed up and rented at market rents then work with tenants to increase rent or give them a couple months to find a new place (assuming they are on month to month).Keep in mind with tenants being in those places that long you will probably have higher than expected deferred maintenance in each unit so you make want to move tenant out and fix-up one at a time. 

Example being since you are a college student with a flexible schedule, run errands, do minor maintenance, or help an experience land lord in any way possible especially if they have a full time job.

*Property Tax*Maintenance Risk*Actual Construction Cost - you said paint & carpet that can be very relative*Vacancy*Time back to market post tenant turn---------My answer is no this is not a turnkey rental, again, this based on the true definition of Turnkey - How do you intend on managing it for the individual you plan on selling the note to?  

We had seen an older appraisal before heading up there & were aware that there was some deferred maintenance needs. 

.= $2,600.00 Monthly Maintenance estimate= $340.00 Annual Taxes = $5,984.00 Monthly Vacancy Cost estimate= $75.00 Monthly Maintenance Expense % = 5.00% Monthly Capital Expense estimate= $370.50 Monthly Vacancy Expense % = 8.00% Monthly Property Management Fee $0.00 Monthly Capital Expense % = 5.00% Total Monthly Costs = $4,663.99 Monthly Property Management Fee % = 0.00% Monthly Profitt = $2,236.01 Rehab Costs = $0.00 Annual Profitt = $26,832.07 Purchase Costs = $0.00 Debt Coverage Ratio = 1.48 Monthly Rent $6,900.00 Annual ROI = 26.83% Money needed up front = $100,000.00 Months to break even= 44.72

I was thinking; any maintenance logs, the existing lease agreements and I read about a estoppel agreement.

I am working towards expanding my lawn care into property services/maintenance/management too.Thank you in advance for all of the advice, welcome greetings, and belief!

We have in-house staff for maintenance that are employees and then we have vendors.

Maintenance $180/month Taxes $120/month. 

If you are driving and see visual indicators of deferred maintenance it may be looking into who the buyer and is trying to contact them.