Quote from @Devin James: True, but it's foolish to invest without a basic understanding of how to purchase and manage the investment.

My units don't come with refrigerators but for $25 a month more I will supply a basic unit.  19 cubic foot, no icemaker, no water in door, etc.

BRRRRs are a useful tool for the right scenario, but it sounds like you have the opportunity to buy a house with basically no cash in, and with probably some of the cheapest financing available.

Basically yes, so if he has his own home he would not be on the loan or the purchase agreement. 

Kitchens and bathrooms are always a good bet, but think beyond the basics.

You will want to provide basic amenities like included washer/dryer since living conditions are already less than ideal with that many roommates so you don't want the added hassle of them needing to go downtown to a laundromat. 3.

If they find something I didn’t know about and they couldn’t have, or safety related then I’ll consider/cover some of it.

Your great credit, cash in checking and savings, and property ready to cash flow are the basic conditions to qualify.

Since this was a safety hazard, he had to move out and decided to find another place to live.

Ideally, you'd want closer to $40k-$50k to feel truly comfortable and have a safety net for your first investment property.