One of the stipulations for the sale was to provide effort to remove 2 problem tenants in the building.

Where else can you get a home with a pool a block from the beach under $500k?

This additional liquidity could be used to improve their credit score and build savings, enhancing the likelihood of a successful refinance.3.

I'm just beginning my journey in real estate with a goal to flip properties and build a portfolio of rental properties.

You can look at the after repair value and subtract your costs. for example if it is worth $2M after fixing up, costs $1.5M to build, then the land is worth $500K.2.

New investor here looking to build my network out with property managers in the area.

we build a stacked triplex. get Rid of the garages, skip the suburban markets of columbus. adjacent downtown neighborhoods are selling for $320 per sq ft on average across 7 zip codes I just ran numbers in Powell you'll never get it approved for zoning maybe outside in delaware county but you are only building more rural.

If the price to replace is within budget I'd do it because you're putting out a newer/safer/more reliable product.2) Cost to replace the entire systems is tough to gauge without knowing the building size and style...

Or does it purely my choice of whether I want cash flow or equity build? 

I got the owners to agree to pay for a new water heater for the building (about $4000), and $10,000 of seller paid closing costs.