For occupied units, apologize and thank the tenant for allowing to inspect their apartment, be very kind and DO NOT dig under sinks or open closets.

He was able to take a look and clear the clogged toilet and he thinks the full repairs will be in the $1k range...maybe $2k if I include a new water heater and a few sinks/toilets.

Alternatively, talk to a larger brokerage in your area and they'll give your details to a new agent who'll be so happy to close they'll toss everything and the sink at you.As for the attorney, it'll entirely depend on your comfort level.

Maybe save up cash now and buy some discounted stocks while the stock market sinks for a bit.

I would not want to sink more cash into returns that low.If you are betting on the appreciation like @Bjorn Ahlblad is talking about in San Francisco (the hottest appreciation market in America over the past decade), then good luck! 

Chandelier hanging above kitchen sink spliced into an extension cord for power. 3.

You'll lose that just in closing the property.I would suggest a live-in-flip/BRRRR with an FHA loan or save some money up because living with only 7k to your name and sinking it into RE is an uphill battle. 

I know guys who buy at market sink another 20k into a rehab and rent out, showing a loss for tax purposes for a few years.2) You just need to have your bank provide a proof of funds letter.

That's usually what sinks a deal for me, too.

.-  After the shower and granite is done, you'll need to install sink and fixtures.