Alternatively, you can benefit from seller financing at better conditions.

Another risk especially given as you say this home is in need of major work - the tenant could start filing complaints against the home's conditions as soon as it is sold -  which would put the brakes on any removal process AND force you to make updates to the home for their benefit, or force you to pay fines and pay their moving costs.   

The biggest challenges with Turnkey providers:1) Terrible renovation work - we've taken over many properties that investor bought turnkey and they were shocked to learn the true condition of their property from our TakeOver video.

The biggest challenges with Turnkey providers:1) Terrible renovation work - we've taken over many properties that investor bought turnkey and they were shocked to learn the true condition of their property from our TakeOver video.

My first thought is this - what is the size and condition of your electrical service?

It’s not your home yet so performing them yourself is a risk and potential liability, however if the seller refuses, it sometimes happens otherwise the deal is dead.Has your Realtor sent over those repair conditions to the listing agent yet and has the seller agreed to perform?

The house is a bit older and needs a face lift, it appraised at 170k at the condition that it was in.

If I bought it at the 390k he is asking and put up to 10k in cosmetic upgrades (assuming he is honest about the current condition) it could make sense. 

You could walk from one to the other in about 9 minutes.The first property was on a quiet block, and kept in tidy condition.

He also mentioned in texts that realtors and an inspector came to that conclusion in price.On the 5plex we discovered that 2 tenants and been kicked out and the 2 units had been completely remolded in Sale condition not a Rental remodel, both listed and rented thru zillow.