All of the time consuming task that are least profitable

I'd ask him (/her/them) to appraise it as if he was being the eyes and ears of an FHA lender, because those standards are a little bit higher than fannie/freddie, and include health/safety issues.

You should stay at a purchase price including repairs in the $60k or higher range.  

Do your numbers include vacancy at market rate?

Hey I currently own a portfolio including SFR and condos.

Personally, as long as my expense - including the HOA fee, is acceptable, I am good with it. 

Does $2,400 include all expenses?

Thus far, my experience in real estate includes helping to renovate his first buy and hold property as well as just shy of a hundred BP Podcasts and a smattering of other REI research!

There are many on here (myself included) who are happy to share experience.

You could spell it out in the P&S that the landlord is to continue with the eviction (including paying for it) and then you close when it is over and done.