I think that the vacancies and repairs could become an issue, but also could be mitigated if you ran your numbers more on the conservative side, so if your expected vacancy for your area is around 7%, I would run the numbers and make sure that your numbers still work when ran at a 10% vacancy! 

I am meeting with the seller's agent tomorrow to go over timelines and what to expect from here on out.Thanks again everyone!

Commercial, you should expect to spend a good amount of time prospecting and networking. 

As an investor, my expectation, NOT assumption, is that there would be profit to me if you use my money.Regarding investor conversations, start them ASAP.

Paint color) upon move out and hopefully u have a sizable deposit to cover the “damages” Just inform them nothing will be change out unless it’s broken.

Bill I agree with William 100%  Especially in a neighborhood with ARV in the $170s, buyers will expect more than glue down vinyl.  

I think its all cash, at least thats what i would expect just because they need to get rid of it n clear their books but i can be wrong??

You accept greater risk in making investments, and in return you expect a greater potential reward. 

I am extremely hands off, so I don't expect an issue with active involvement.Thanks again for your insight.

This property is in bad shape, overgrown landscape, broken fence, exterior needing some attention.