If any of you could help me determine what kind of property damage I should avoid either because it costs too much to fix or it is just too difficult/ time consuming (things like termites, gas lines needing repair, roofing, etc.).

I have bought properties by signing a lease option where I took control over the property, made the needed repairs, and then got it financed to cover my cost and what I owed.

This innovative approach to housing development is not just a response to market conditions but a strategic solution to address the pressing needs of renters and investors alike.The Sunbelt, encompassing states like Florida, Texas, Arizona, and California, has long been a beacon for those seeking warmth, opportunity, and a lower cost of living.

The deposit we are willing to collect over the first few months if needed to lower the cost of entry.We are getting some calls, but lots of no-shows when it comes to appointments for showings.We had a lot of problems in the past with tenants bringing in drug dealers, homeless, and various other criminal activities.

The building represented good value and is consistent with my focus on $2M-$5M total cost projects where there is a lack of natural market participants in the Philadelphia market.

The cost of living is extremely low compared to other cities and you can still many many positive cash flowing and 1% deals here.

Option 3 is to remove the tile and add LVT, maybe $5K cost. 

I was able to use creative financing strategies to get it for 640k with no money down (except for closing costs).

It sounds as though you are going to self-manage from a distance, which I feel is a big mistake that could cost you a lot more down the road.

Really educate yourself on renovation cost and after repair values.