The counter proposal I have in min is to have a structure inspection and ask the seller to carry a note 15K so that he has some skin in the game and not totally screw us up. 

If not, carry on.

One company owns everything and does nothing (this is your SLLC a/k/a “asset holding company”) and a completely separate company handles all of your operations (this is a traditional LLC a/k/a “operating company”) For the operating company which serves as your face to the world and through which you do all your business, you establish a Traditional LLC to carry out the operations of your investments.

Start making offers to homeowners who will carry back financing.

One company owns everything and does nothing (this is your SLLC a/k/a “asset holding company”) and a completely separate company handles all of your operations (this is a traditional LLC a/k/a “operating company”) For the operating company which serves as your face to the world and through which you do all your business, you establish a Traditional LLC to carry out the operations of your investments.

So yes I carried the cost of repairs until the end. 

I don't know of a market where those rents would attract even low income working folks.I would not be a buyer.If I was the manager or the maintenance guy I'd want a Rottweiler with one of those collars with all the spikes and I'd open carry.

You will need to check with your banks to see if they will allow the seller to carry a 2nd position mortgage.

You'll have carrying costs while you renovate, attorney fees and dealing with the city for a zoning variance. 

I don't bat an eye when I see someone open carrying, it's normal.