. - A few questions:  How confident are you that this property is in good condition? 

Those buyers could be self-managing or not putting in capex it's tough to say but I would say those are usually the reasons.  

If you self manage, always say you are the property manager and that you'll talk to the owner.  

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.The site has quite a few tools that can be helpful for new members.

If you have good tenants , easy to self manage. 

If you are seeking conventional lending, you are self-employed and you have W-2 income in any fiscal year, and if you stop working for any agency or company where you earned W-2 income, you will have a more challenging time getting loans.

They are definitely understating expenses or have found a way to live on property, self-manage, and keep expenses to a min through relationships who do jobs on the property for nothing or an extreme discount. 

There's going to be increased repair, CapEx, and liability related to that.Are you confident with the $15k reno budget?

I don't use replacement cost, or rebuild cost. we insure for a stated amount. basically we self insure part.

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.Discounts on some products and services are offered to BP members: https://www.biggerpockets.com/perks/proIf you haven’t been to it already, you might want to check out the BP blog: https://www.biggerpockets.com/renewsblog/The site has quite a few tools that can be helpful for new members.