If I were investing in SC, it'd be Charleston, Columbia and Clemson, the latter two simply for the university exposure.

I am looking for a property not simply as an investment but to conduct my retail store business.

It is amazing how poorly some technicians do the work and where they drill holes.

So my question:  Would you simply fix it with a new faucet/vanity and knock out half of the updating with the tenant living there by just doing those 2 things?

Not most of them, as they simply raise the cost basis of your "inventory" and get deducted when you sell.  

There was simply an issue.  

Sure, any good lawyer can poke a hole, but in a lot of cases there is no value to the lawyer in doing so... which translates to them advising their client to move on. 

I guess just for the sake of retrieving guidance and help, I'll just be 100% frank with what I need and what would be ideal.I would like to simply purchase the property (40-60k) in cash.

Should I simply look for the houses in the area that are cheapest and offer to buy for 10-15% less, and then either rehab or wholesale?  

It is best to refer to the title company/ attorney/ settlement agent involved in your transaction and your loan officer at the bank/ lender, but in most cases you would simply wire the funds required to close 1-2 days prior to your target closing date taking into consideration wire cutoff times and any processing time your bank requires.