Jump over to the military section of these forums for some good info. 

I would then see if you can re-negotiate the contract that you're in because of the items that need to be fixed and pay for the home cash.

So by EOY, we would expect to have a balance of $15k+ to cover any items. 

Testing the waters on what I could do, the original plan is Military (my partner and I are Army Veterans) and Vacation housing; this place is just outside of a NAS.

If your roof starts to leak, there will be damages inside that could far exceed the cost of a roof replacement now.As for the other items, they appear to be cosmetic.

I obviously did not add a line item for vacancy costs that's something that I will need to account for as well but according to my buddy who is a General Contractor, the renovation that I’m going for should be feasible with my budget and a 12 week timeline.My thought is to then refi after a while (likely 1-2 years) and pull out somewhere between $30-$50k and then use that do fund my next deal plus the nearly $1,400/month that I’m saving from my current situation.

@Sydney Sherman while I understand the underlying thought and care process'  people have when they go to solving something via some form of payment, but on the psychology level it's just money which is such a nothing item, I mean it's not personal in any way, it dosn't convey care or consideration, it's just money, and often people are impacted in that way. 

The property does need a bit of work (renovation of bathrooms, kitchen, flooring, any major items tbd after inspection, just to name a few).

If those 4 items are met a napkin would suffice.

Do not buy this as an investment property with a $50k CapEx item coming at you in 4 years, @Patrick Rafferty.