At risk of sounding like a broken record and to point to a common theme on bigger pockets: have a lawyer review everything.

Most landlords don't see the downside of waiting until things break:tenant dissatisfaction, risk of additional damage, repairs "clusters", lower rents, etc.The reason PMs say what you heard is 99% of landlords want things broken and irreparable before they spring for a repair.

Such as the roof needs to be completely replaced (there is a ridge sag and seems it could fail, rafters aren't place correctly), the porch needs a larger joist as its sagging down as well, the basement still has asbestos, the basement needs waterproofing as there is a moldy smell and minor water leakage, barely update the 1st floor unit, update and correct the electrical (relocate a fuse panel in a bathroom), brand new panels in the basement with a larger feed coming in, concrete steps in front and rear of house are in need of some repair, the boilers may need to be replaced, replace a few broken windows(completely shattered, just a piece of plywood covers them now), the lower roof gutters were nailed directly into the shingles, there are no GFCI's in any bathroom or kitchen, and a few other fixes.It would be an FHA 203k with 3.5% down$9,600 per year in taxesGarbage is included in taxes, tenants pay gas and electric, owner pays waterThe 1st floor unit is a 2/1 rented for $1225, they have exclusive use of driveway, backyard and the basement. 2nd/3rd floor unit is listed as 3/1, however there is 2 bedrooms on the 3rd floor with a bathroom.

If you know a friendly agent, ask them to pull recent sales data for the neighborhood.Most sellers, when then say "move-in ready," mean the home is clean and nothing is broken.

Simultaneously, I received additional complaints from the HOA about rules he has broken as a guest that he claims are not violations because he "lives there."

Who fixes the place up after the asset is broken into and all the copper is stripped?

She left a mattress set on the floor, a broken dresser drawer on the curb, a couple dishes on the counter, and that was it.

I'm in the process of purchasing my next foreclosure and the bank called to inform me that they have to stop working on my loan because the appraisal came back stating the property did not meet C4 conditions and mentioned the place was in habitable due to poor floor covering(stained rugs loose tiles), holes in walls, urine smells and broken window panes.

Are they broken or do you anticipate that they will break and want to be prepared?

Not broken but a preference item  code lock?