You land cost per unit on land purchase may be higher than a MF site, again efficiency of number of units on a given piece of land.

The super yanked it out of theceiling and kept it in his custody.7) The bathroom "bathtub" is in deplorablecondition with the inner sliding screen door almost off itshinges and can fall on us while taking ashower. 8) The tap is moving around in the sink. 9) The bathroom doorknob was off its hinges but I got thatfixed... but now the door does not lock.10)TheA/C might have not been installed correctly, cold air seemsto flow through from outside constantly, it may pose to be a problem in the winters.11)Thewindow net is torn and patched with a piece ofsticker.

I had a crew go in and deep clean every piece of concrete in the basement with bleach and I sprayed every square inch of the wood (floor joists, window wells, etc...) that I could find with KILLZ before painting.

Find a contractor (but that cost more because of the markup the contractor will charge) or try and piece the jobs out yourself (which will take more time and I don't have experience in home construction)?  

First piece of the puzzle for you is getting ahold of some working capital.

So that project will be costly If i replace ALL the windows (14) at once, around $200 piece W/O labor.

I have more equity in one piece of property than that.

It has gotten to the point where you just can't find a good deal on the MLS anymore and even many of the wholesale deals out there are not that good of deals anymore because everyone is trying to squeeze as much as they can out of every deal and/or jumping on a daisy chain where everyone is trying to get a piece of the action.I'm not trying to discourage you, but be ready for some stiff competition out there!

However, looks like you're missing the part where the homeowner (seller) gets a piece of that option fee, and what you're talking about is a variation from a traditional lease option, so you'll need to do things a little bit different to account for those variations.Look at it this way - if I'm going to offer you (tenant / Leasee) a 2 yr lease option at 200k:Leasee is going to make a down payment of $20k  (this can be whatever you negotiate).Principal is now $180kMonthly rent payments of $1,300 for 2 years.  

Is there a closet somewhere with the same flooring where you could "borrow" some pieces and then just carpet over the closet?