The basics....White quartz counters, white shaker cabinets (lowes), SS appliances (I get from ABT great customer service), In unit laundry, refinish/stain the floors, light colored paint throughout, skim coat to make it all look new.

Seek free and receive every penny's worth. 

@Penny Brown we're looking at GA, too.

Do I also need to use 2 coats of poly sealant in addition to 2 coats of Kiltz?

The method is called CIPP (cured-in-place piping), where a resin coated lining is run through the damaged cast iron, after being cleaned, and is inflated until it cures. 

Good luck with your FHA venture...Penny wise, pound foolish.

Warranties are for landlords who are penny wise and pound foolish IMHO.

Just penny thoughts. 

That would force him to sell for less in order to sell faster and the principle reduction wouldn't hurt you because of the discount you'd bought the note for.If that failed, you could negotiate a deed-in-lieu which would cost pennies on the dollar vs a foreclosure.

We have a community of 60 year old slab houses , they were built with copper pipe in the slab for heat , with a boiler for both heat and hot water and metal studs .