Don't forget to factor in the cost of floor repairs after that kitchen were to be removed as well as other repairs. 

I can do the 25% down and repairs on my own just need a loan for the building.

But you're right, I could have a 'bad' closing surprise ahead and this could fall apart.

Do not bother repairing anything. 

Things that my wife and I do that shows were legit is show our past projects, portfolio, and disclose to the seller our repair plans.

It isn't that big of a deal here, particularly with a lifetime guarantee from the repair company.

Looking ahead to rehab work, and after doing my research for mortgage financing etc, amongst many requirements, but one in particular, i was told in order for me to get a mortgage for my investment properties, which will belong to my LLC, i would have to have the deeds in my possession to the properties seasoned for at least 6 months before being considered.

We took it upon ourselves to go ahead and schedule a spray when it was convenient for everyone. 

My plan is to occupy the home as I complete repairs.

You certainly would want some sort of slush fund for expensive stuff that could go wrong up front but assuming you budget for it, the rental income should pay for the repairs over time once reserves are built up.