One of the properties is currently rented for $1200 a month, newly renovated as of January this year that I did with my own two hands and only subbed out the landscaping and the upgraded plumbing, and valued at 80k (clearing $940/mo after taxes and insurance) Link to pictures and video walk through https://drive.google.com/open?...

After this was done we put down 14mm plastic under the house as a moisture barrier.We dug a French drain around the front of the house back to the creek to help with any moisture issues under the house.While we were under the house we also replaced all the plumbing with brand new pipes.Both bathrooms have been completely renovated with the master getting a full custom tile shower and the other bathroom getting a soaker tub with custom tile surround.

FHA definition of  a family member is defined as follows, regardless of actual or perceived sexual orientation, gender identity, or legal marital status:• child, parent, or grandparent;o a child is defined as a son, stepson, daughter, or stepdaughter;o a parent or grandparent includes a step-parent/grandparent or fosterparent/grandparent;• spouse or domestic partner;• legally adopted son or daughter, including a child who is placed with the Borrower by anauthorized agency for legal adoption;• foster child;• brother, stepbrother;• sister, stepsister;• uncle;• aunt; or• son-in-law, daughter-in-law, father-in-law, mother-in-law, brother-in-law, or sister-in-lawof the BorrowerTwo that relative is equally obligated with you on that loan.

It needed some minor plumbing work and brush cleanup around the house.

(depending on what your ideal buyer finds desirable)  Then,... other than the desirability and the numbers, what is the risk involved.How likely is it that there is a foundation issue,  if you open up a wall, will the town have you redo the entire damn plumbing an electrical.Is it a flip, or is it a buy and hold,If it is a flip what is the ARV, and how long will it take to fix the house up and how risky is the scope of work?

Money can help you ride out a downturn, money can help fix the plumbing issues you weren't expecting, etc. 

Then I also had to get town approval for more parking spaces, and had to hire an attorney for that.In the list you have , I don't see anything for elec / plumbing permits, or inspections. 

You still need to run plumbing and electrical.

This seems like a likely foundation problem but even if the foundation were repaired could the house, maybe through proper bracing be made reasonably plumb?

The following week I had too enter that unit for a plumbing matter and when I walked in I was in complete shock.