Unless the winning bidder on this one is an owner occupant with lots of cash OR a rehabber who is also a contractor and a realtor, I fear there will be some pain in a couple of months.

Also tradesman are booked up with ton of work so can be hard to get small projects done well or it'll be expensive unless you have solid connection and even then a pain Things are slowing down though but by no means are people dumping properties and if they are still plenty of cash flush buyers. 

@Johann Jells,Thank you for sharing the awesome NJ Truth in Renting link.The reason that's a pain is it's harder and more expensive to reno piece by piece, and to reno with tenants in place creating logistic and deadline issues.

When speaking with them understand if they have pain points and need to sell the property and represent them as a seller agent.

I’m just concerned over the long run they may be a pain in the butt to keep up.

You can have someone knock that out for 300 bucks combined.Those windows are gonna cost you WAY more money than you think, that's a painful lesson I've learned from experience.A nice, clean, used range can be had from an appliance reseller for 250-300 delivered, easy.Front door may very well cost you more if you replace the whole thing.Save some money on the flooring, 5500 is a lot of money for $500 rent/unit700 for a tub handle???

I know its a major issue for me with normal banks.. if I did not have my commercial banker in my corner the time effort and frustration of being self employed and qualify for a govmit backed loan is just a Pain in the @@@@  so i dont do it. 

There is safety for many investors in not having any debt, so psychologically speaking, they'd want to pay off the mortgages, rather than just maximize ROI.

Ideally, you do it for your single family, but I can understand the administrative burden that makes it a pain for a SFR. 

If someone were to have 50 or more units to keep track of I imagines it would be a pain organizing everything as far as Wich tenant owes what and did they pay on time and considering some pay online some pay by check.