Since it is all new wood decking, I would use a clear preservative to maintain the beauty of the wood while still giving it the protection it needs.Paint peels and needs repainting from time to time.

No drive throughsIf you want to eat you go inside and talk to all the people you know.Small town feel I hope they can preserve as much as possible.My partner owns his own construction company and he has made many trips over there to look at places but we can’t find anything to make the numbers work.

@Brad Hammond nailed it.

Could she pull a HELOC (preserve the 3% rate) and still buy the condo? 

Unless it is very well preserved and relatively untouched, I would want to see a complete new electrical system and plumbing system, for safety and long term reliability.

Account Closed Right now I'm trying to nail something down soon to take advantage of the FHA loan.

Having a financial advisor that your personal CPA is aligned with is critical to preserving tax dollars!

I.e. a small beat up nail salon with mom and pop owners with a short lease, no garuentee is worth a whole lot less then having a coperrately gaurenteed chipotle or similar 

Marv Johnson up in Chicago is pretty good at this.You will need to preserve and protect the property from further damage.

I think you hit the nail on the head.