The space is pretty outdated since it was built in the 80s.

That isn’t the norm anymore, and the rules of thumb that were built in this environment are outdated at best, and misleading at worst.If you’re new to investing, stick to where you are as the chances of you making a bad deal out of state are really high.

Then you can decide what that practically looks like as far as provide deposit refund, maybe being flexible on move out date etc.

Maybe find an outdated kitchen or bathrooms to renovate, but buy something that cash flows $100/mo now and hold it for 2 years while equity and rents increase. 

Personally I would talk to the tenant to confirm that they know their move out date and not rely on the PM to handle this communication for me.

Keep a a “large” security deposit (like 6 months of rent past move out date).

Especially being from MN, replacing outdated major appliances (depending on how outdated they are) like water heaters/HVAC systems before they give out is not a bad idea.

I also noticed that the pre-foreclosure and sheriff sale information is outdated in many cases, and does not seem to update as the properties move through the foreclosure and then sale process.

If you can find a 2x1/1 duplex that sold a couple years ago, you can do a general calculation that reflects what percent the market has changed in that time, and then apply it to the outdated comp you found.

1)the owners of the property received their money2)they requested 10 more days and we gave them benefit of the doubt3)when we visited them 4 days before the move-out date, it seems like their not moving...would appreciate your feedback