And, with material participation test satisfied, you still get to claim the STR loss from Schedule E.

Keep doing this until you get to a purchase price that satisfies all of your criteria.

Scott said and get a reliable contractor (or the one you have, if you're satisfied with them), show them the report and the issues, let them make a recommendation on what really needs to be fixed, and make a decision based on their findings. 

If a contractor is not paid as agreed, the contractor can place a mechanic's lien on the property, preventing its sale until the lien has been satisfied.

This is what my attorney advised me for my investing and is no way advice from me (I am not an attorney) or from my attorney for anyone else.Aaaaand of course I don't have my notes with me as I sit down to write this so I'll write up what I remember.Wholesaling:  I was advised to involve my attorney in any part of a wholesale deal and that would be enough to satisfy the DOL because a RE professional was part of the transaction.  

. - what I should be satisfied achieving.Thank you in advance for your input!

It is used to compare projected returns on different investments or in the case of private equity to demonstrate that the projected returns are high enough to satisfy their investors.There are whole threads on CRE forums about whether IRR or NPV is better for different types of real estate investments but the two are connected: The IRR (as a %) is the discount rate in a NPV calculation that returns a zero value.I highly recommend reading Frank Gallinelli's book What Every Real Estate Investor Needs to Know About Cash Flow...

I've never been satisfied with property managers, so this also might be a risk for you.   

Plus  there's something satisfying about knowing I'm continuing to invest every two weeks in any environment, down markets and up markets.

Pay for materials when delivered (on your property not theirs) and labor only when satisfied.