Again.... from professionals I haven't met and friends whom I know personally that run their own companies...I am curious, what is your policy on hiring friends (whom own their own companies) to work on your properties?

I'd also highly recommend getting an appraisal or at least having your real estate agent provide a BPO prior to negotiating with any "investors". 

I always have tenants provide me with an emergency contact.

First, as Tanner suggested, engage a general contractor to assess the property and provide a detailed rehab estimate.

Remember with every rental purchased you are planting seeds for a tree that will mature to provide fruit forever.

Please note, based on the numbers provided you will not be cash flowing. 154k loan amount - 30Y fixed  4k in annual taxes & Insurance 7.75% Rate Monthly PITI Payment = $1,436.60Your estimated rental income is only 1k-1.4k per month.

@Drew Sygit I noticed you provide property management services. 

Surveyors are always provided by the owner.  

Emails and voicemails are do not always provide that assurance.

You'll need to provide Entity Docs for each LLC that is a part of the transaction so that the underwriters can review them all the way down to the natural individuals/warm bodies.