The inspector told me that there is a product used for this that is a peel and stick faux wood panel. 

Their motivation is to make a fee and in most cases don’t care what problems you inherit.  

Recent Bigger Pockets episode motivated me to reach out to US Bank about their mortgages and loan products. 

I got a call back from a motivated seller after he responded to my direct mail.

You can only count income for individuals that are applying for the loan.

You're convincing yourself it's okay, when you know it's not.Your seller is motivated BECAUSE he knows its a SH** SHOW.You know that it doesn't matter if any of the floors are slanted, if any doors stick, or if there are any visible cracks.So your seller has a quote for $8500 was it?

Recommend reading: https://www.amazon.com/gp/product/1944194142/ref=d...This book answers a lot of what is being asked here.

I was told by a source off of another blog, i do not know this individual, but has said that ...."

Offsetting other passive income with larger apartment assets is a real game changer for high net worth individuals. 

There is definitely money to made in SS, and plenty of people are doing it.I'll also add to Mike's comments that small increases are easily attainable as (1) tenants typically aren't talking to each other about price (i.e. comparing their rent), etc and (2) most tenants don't find a small increase in price motivation enough to spend money on a moving truck and spend a weekend or more moving their belongings to a new facility.