I suggest you find a broker who can assist.

You have significant repair costs that may have to finance to get done. 

As is and After Repair?

Sound concerned about the Reno and repairs, but don’t talk down on the house as the owner will likely take it personal.

For this reason, we establish set guidelines up front and then follow them. if we are within the guidelines, we do not seek additional approval for accepting tenants, drafting leases, repairs under the scope amount, etc. 

This includes owner-paid utilities, maintenance, repairs, capex, advertising, legal fees, etc...

Also keep in mind I factored in 9% between CapX and repairs, assuming the age on the major systems isn't too old. 

@Ramsin Jacob I'm sorry I was not about to be of assistance.

You'll have a lot of sheetrock to repair no matter what you do.  

Also with a property manager already in place for the whole complex, I am assuming I would only be cashing in checks and signing repair bills.