Repairs is huge door, I walk away from major foundation repairs they tend to get worse with time.

You will not get it all off however and don't even try to, you will drive yourself nuts because it is impossible.

Hiring a restoration company will be expensive, plus the tend to inflate their prices, in my personal experience.

They tend to be not on the institution's radar, and you usually can command rents that are fairly close to the larger market, while expenses will be lower in the tertiary marketHope that helpsGino

Vacancy is around 5% and rents tend to be $500-750 per month depending on building and area per side.Typical example Rents $1100*12=13200Taxes and insurance $1800vacancy  $660maintenance $1320Pest control $300management fee $1320 Cash flow with no payment $7800/yearPurchase cost approx 100K cash on cash non leveraged return about 7.8% 20% down loan yields a payment of about $442 (depending on terms)cash flow $208*12= $2496 or about a 12.5% cash on cash return (you also get pay down on the loan)

I just got my market updates from my title company this morning.. they come weekly.in my HOOD  the median list price is 975k.. pretty strong for Portland which tends to be 1/4 to 1/2 the values of Silicon valley.. and far less than Seattle as Seattle is close to silicon valley in pricing these days at least for the nicer high end stuff on the water.Anyway my point is median rent in Lake Oswego is 2,350.00 per month.. so who is going to buy a 975k home to rent for 2.350.00 a month NO one is the answer.. now to be fair there are apartments lower that median down.. but even a million dollar home would not rent for much more than 4k a month.. unless you put it out there fully furnished Jmartin style. 

Families tend  to want the 2/2 but if its for workers you'd probably be best with the 1/1 unless its cost prohibitive.

Most of my best tenants are Section 8 as these are the tenants who tend not to trash my units nor secretly start subletting or moving in other family members.

Instead, they tend to tout "could be" numbers and inflate the sales price as if the "could be" "was."

They do tend to sell for less maybe say 10% or so than other homes in the subdivision.