It was built as apartments at a campus bus stop but doesn't conform to the HUD's updated standards for Fair Housing Accessibility because all the doors to every bathroom are just 24" wide and cannot be made wider, so when they did their first major remodel, they sold all the units off as condos. 

Definitely not the standard of a turnkey.

Now, if the asset has a serious structural issue or if you discovered a significant number of down units not disclosed by the seller, then a retrade on price is appropriate.

No sub-leasing and no pets are pretty standard but the rule of “Guests of tenants are not permitted to sleep or reside in common areas.” becomes much more specific but also necessary for the proper order of the home.

It is a college town but much different than other standard college towns, ask me how IK lol.

Yes, they are large properties and comps will be tough, but  appraisal prices have gone through the roof.Investor properties need a 1004 form (standard appraisal form) and a 1007 and a 216 for comp rent schedule and operating income statement if it's a single family and a form 1025 if it's a multi family so they are more work, but...What's happening is the appraisal management companies have just added a layer of cost onto the regular cost of doing business.

After getting the home fixed up in 2-3 months, I plan on going to the bank to get a standard term and rate refinance on the intra-family loan.Would this work?

All the terms etc. seem pretty standard.  

I just discovered I can't live with green, white, and black mismatched tiles all in the entryway.

There are many reasons why an employee might not be performing up to your standards and it can take time for them get back on track or even worse, they never recover from their performance slump at all.