If you require assistance in Lexington, that's my expertise, and furnished rentals are consistently sought after here.

The lender selection is vital to a successful 203k and they area also required to select the 203k Consultant.

The property taxes online said the owner was paying 3k a year.

I use online apps (Wave is one good one) have a separate bank account and separate ledger account for each property...

Since we have mortgage on the selling property,  are we required to get a morgage for new property as well or we can do all money down ?

In places where I provide utilities I must provide within the temperature range the state requires but I don't need to let tenants control the thermostat whereas if they pay utilities they must have control. 

These buildings are VERY old and require a lot of maintenance/capex.You can find great deals in all of the listed areas.

I am not worried about the integrity of the structure, but will the bank require this to be fixed?

Maybe depends on value of the house and credit worthiness of the buyer.Also 1st lienholder may not allow, depends on who that lender is and what requirements they have. 

also shivani these days the way I do it is I checked the inspection report and I would categorize it, will it require 30k-50k rehab, is it 75k-100k project ?