I managed my own properties for 3 years before becoming long distance invester.Door lock change out - $245Adjusted supply air to move towards the room - $246Garage service door repair - $245 (no details of what repair)Bagged and hauled away wood from trees - $175 (on a property with no tree or wood around)Gas oven, gas leak adjusted and tightened line - $248In addition routinely charging me for grass cutting and snow cleaning when leases clearly say tenants are responsible.

When you get your $140,000 loan you will be paying substantial costs and while you are working on the property you will be paying insurance, property taxes, utilities and I will bet the cost for heating while you are working during the winter will eat up a lot of cash.

With no track record, your extended family are your best bets for some startup funds. 

While each real estate syndication is different, we typically see hold times of 5-7 years, sometimes longer.Real estate syndication deals have to allow time for property renovations, management changes, occupancy rate increases, and even market conditions to adjust.

Your best bet is to get your realtor to provide there opinion of value.

@Marco Manomat I agree with @John Underwood seller financing is likley your best bet.

If you can keep your overall income including the cap gains in the limits for 0% cap gains is your best bet if possible. 

Now we are talking to the insurance company, we had an adjuster in our house and we still do not have the answer, how much they will pay.

@Lauren Alpert They broke the lease and by most states legal standards, they should be penalized but you are in CA so all bets are off.

But, without seeing pictures, I think trim and then caulk would be the best bet.