You are paying too much attention to their requirements. 

The deal, to me, is simply an attention grabber, to open a conversation.

The fact that your jumping in looking to learn is step one, good for you, just keep reading and raising your interest in RE then as you become more familiar with the game and meet people with the same interests you'll find niches and areas that catch you're attention.

(Maybe you’ll get lucky and the notice gets their attention and they start paying and you won’t have to actually file the eviction.) 

I  am considering making an offer on an off market deal that was brought to my attention.

The ones I think do need immediate attention are the soffit/fascia allowing bats into the attic and the roof leak caused by the improperly attached flashing.

Pay attention to square footage, age of the property, number of bedrooms, number of bathrooms - keep track of every new listing and follow them until they close, get it all on a spreadsheet... (3) look for a multi family, instead of a single (this is an easier way to build equity and create long term wealth), (4) instead of 20% down, try to get a 5% down program - use the cash to upgrade the HVAC, electrical, roof, plumbing etc., (5) live in the multi for a couple of years and keep saving as much money as possible, and (6) start looking for another similar property and do it all over again...  

Not condo. also pay attention to rental restrictions.

I'd also pay close attention to @Rebecca Knox - she knows a ton about the Milwaukee market and is well connected.When I started investing, my first two purchases were turnkey - meaning I didn't really have to do anything outside of finding a tenant. 

If the property requires more hands on attention from me I am going to look for at least 12% since you can passively invest in a syndication with a cash-on-cash return of 8%-9%+.