For example, does the stove work well, is the plumbing fully operational, do all sinks, toilets, and laundry drain properly.

If your goal is holding the property, say for 12 to 15 years (depreciation) you need a "sinking fund" contribution for capital expenses as Jon pointed out.

While I presume the stove and frig go against the outside wall to the left of the sink area, the viewer may not pick up on that.

I feel like a deal in your home market will require you sinking your entire 80k into a deal that may or may not work out. 

I think this is something that people who cut it too close in RE don't consider - anything that goes wrong is going to sink someone that close to the edge. 

Could be a water leak that's causing some part of the foundation to sink.

But once you sink 20% or so into the mortgage on a couple of properties, you will be low on money, not have anything approaching "retirement" cash flow, and also find yourself  out of bullets to hunt new properties. 

We are wondering if that's common or if we should move oven and stove to main counter space and move sink and d/w to island. 

Spring Hill and Hudson are notorious for sink holes so make sure you check for uneven foundation and any major cracks.

Monthly Expenses = $2800 Per Month: Current Management Team = $1000.00Insurance = $224.00Real Estate Taxes = $92.00Fiber Optic High Speed Internet = $89.00Cable TV = $52.00Trash Dumpster = $55.00Sewer / Water = $186.00Natural Gas (average) = $142.00Electric = $327.00Housekeeping = $270.00Ongoing supplies = $230.00Maintenance = $133.00Total RenovationThe renovation started in 2011 and was completed 2016 with entire complex being gutted to the studs, then completely rebuilt fully furnished inside and out to new standards, as follows: 26 gauge top of the line triple epoxy coated metal roof26 gauge top of the line triple epoxy coated awning and patio coverSingle hung gas filled energy efficient EZ clean vinyl tip-out windows4 new natural gas water heatersAll new plumbing throughout entire complex/buildingOnly #1 Grade Premium lumber was used throughout entire renovationQuality Price Pfister plumbing fixtures and lifetime parts180 feet of new 4 inch sewer line from the building to the street tapNew premium exterior fiberglass dimensional Colonial style entry door with new door jams, aluminum thresholds, all new lock sets and peep holesCustom picture framed windows with decorative edging and exterior door trim to matchCommercial toilets: all new PEX plumbing, shut off valves, bullets, supply lines, hose bibs, angle stopsNew attic and wall insulation with vapor barrierUpgraded electrical, HE lighting, new fixtures, switches, outlets, breakers, energy efficient lighting, vapor lights, rope lighting and HE flood lightsCustom artistic signage (3) built by Management TeamNew drywall, texture and highest quality Valspar paint throughoutAll exterior wood was hand primed and hand paintedNew vinyl fencing for corner lotPremium Quality pillow top mattressesNew hand textured walls (office), ceiling and covered entryNew concrete sidewalks, kitchens, baths, showers stalls, toilets, vanities, cabinents, counter tops, sinks, refrigerators, microwaves, deep freezers, dryers, A/C units, flat screen TVsAll work has been documents and permitted