I think Justin is pretty spot on.

We haven't talked about specific repairs but here are some things that definitely need to be replaced or repaired: no front sidewalk from work we did 2 years ago - needs new sidewalk, exterior brick wall is falling in in one spot, gutters, roof repairs, update heating for second apartment (put in a furnace last year for one apartment), just to name a few. 

. $40K per year is roughly the "sweet spot" for that if you have 4 rental properties in the state of Ohio.

People simply are not worried about looking for deals right now, lets face it this is the sweet spot being the week after Christmas and the week before New Years.

By separating out these items, I can more easily plan better and spot areas to add value. 

You are dead right on the spot about South Houston.

A few things came up though1)  Front Porch was separating (not the foundation)2)  Rear Left Gutter/down spout disconnected3)  Hot Water tanks connections have corrosion (they're replacing the whole unit)4)  Rear back deck is missing a "board"5)  Inside the crawl space, evidence of water intrusion6)  Inside the crawl space, under Master Bath a PVC has a slow leakThe seller is covering everything above. 

Is this all on slab or crawl space?

East Atlanta seems to be a growing spot...

A Home Inspector is going to check all of the systems of the house to make sure they are functioning correctly and should include travelling on the roof, inspecting the attic, and crawling through the crawl space.