For what it's worth, my personal opinion is if you don't come from a construction background and you haven't done many deals it would be totally worth the $500 for the inspection (assuming you don't use the same inspector from last year) because something you didn't initially pick up on which could be a deal breaker to you may present itself in the home inspection report. 

Keep in mind the value of the property is based on the present rent not future rent.

@Yuttana Chawengsub Welcome to BP -- I live in Topeka myself presently - and have for about a year. 

However if you present it to them while fighting property taxes it could.

Assuming you plan on holding on to it for a while, I don't see an advantage to doing it while tenants are present which would cause more headache than anything.

I have been told by locals that this area is very rough, but I still wanted to see if there is potential here for selling property as-is to other investors.I've been offered a few great deals by the county free & clear, taxes paid, for homes in the area, but I'm not too sure how the fellow investors would react when I present these deals.

Here's the deal, I want these properties because they are in a gentrification area and I think if he is presented with a reasonable cash offer for all three properties and I can solve his current tenant eviction problem he may go for it.I will greatly appreciate any thoughts or commentsThanks

I then present my offer and explain my expense calculations so they can see how I arrived at my number. 

Ive continued to go to weekly meetings and property tours to see similar presentations all over again, but I just wanted to get more in touch with them.

Could anyone share a partnership (fix & flip) template that they have used in the past (or present)?