The current owner bought it for $30K and I know they had to clean up a lot of title work and started doing repairs. 

I have never owned a business but I keep hearing that buying an established home service company can be very profitable.

There is so much free content out there that can teach you about guest services, software, vendor management, and so on. 

Her RE Office put together a "Service Referral List".   

It really does depend on timing of being put in service, that bonus it qualifies for (if any) and the life cycle of the elements that can be advanced. 

Initially, our plan was to fix the drywall leaks, clean out the property, and relist it for a small profit.

Risks: rates go down and you have to pay a prepay of 2 or 3 %; you have to sell and pay the prepay; rents decline & you can't make the payment like any other type of loan; cost upfront a little more than conventional; need to find experienced broker licensed in the state where subject property sits; servicers are bulldogs. 

Most can do it for the cost of the initial service call, if not it usually would be a slightly more charge.  

Look for loans such as DSCR (Debt Service Coverage Ratio) loans. 4.

These typically include services like renters insurance, HVAC filter delivery, pest control, and sometimes utility management.