Sometimes the best deals you make, are the ones you don't, and I can guarantee you this, when you start rationalizing, or getting emotionally tied to a property, you're heading downhill from that point forward.Not enough info ($$$$$ numbers) to really even understand the true/complete picture here.

It would be hard to pull out any substantial amount of money I'm guessing, and the cost to buy the rate down to your current rate would be a big deciding factor.

I don’t say these things to discourage you, only to give you a heads up that CRE is a different game with different rules.

We’ve done a couple house hacks that had substantial profits and have convinced ourselves that real estate is our answer to financial freedom.

Before you tear out these substantial-sounding improvements, why not have a licensed electrician look at the work and give you an opinion as to its safety and soundness? 

@Wendy Peterson, Well, you know that if the seller did a 1031 to purchase the property they are selling to you that there is probably a substantial amount of gain and tax to be paid if they don't take steps.Seller financing will trigger the gain and tax. 

I am leaning towards you keeping It what you'd make on the sale would be minimal at this time and if the roof is headed towards replacement you might be able to prolong it 3-5 years with a tune up vice a full replacement for like 2,000-3,000.

As they are month to month I figure I will give them at least a year and then raise the rent a little closer to market as I know they got raised substantially about 3 months prior to the property going on the market and my purchase of it.

The downside is that because they do free audits and reduced-cost work, they are often backed up on appointments 6-9 months out, especially when heading into the cold season as we are now.

Its hard to wrap my head around partnering but it will get easier i feel as the deals go smooth and the cash starts rolling in.Thanks again for the inspiration