This is by no means a replacement for continued investing, but a way to build a bank to borrow against that grows tax free for the long term.

It sounds like you got what you paid for with the free appraisal.

As others have mentioned the city might stop you from executing a plan that sounds like a killer value add. 

Hi BP, so I'm currently in the next phase of getting my first rental property all fixed up and ready to rent, and am essentially looking to meet someone (or some people) who can help with things like installing kitchen cabinets, replacing toilets, installing light fixtures, laying floor, painting, electrical etc.

Sounds like we need to create an area BP Group.

The only option is replacement. 

Total rent should be $800-900/month.After inspection major issues we found were:-gutters/downs need replaced, drainage run away from home (water in basement)-chimney needs tuck point at minimum, bricks falling off-mold growing in basement (big chunks of white growth along all wood)-cosmetic work about $2k to upper unitSeller wanted $14k, we offered $10k due to the amount of work we need to put in.

If you know, is the loan being serviced by a real services, doesn’t sound like it.

Perhaps I don't understand capex, but from the podcasts I've listened to I thought it was to represent what is going to need to be replaced within the years column to be prepared for expenses down the road.

@Sam Marcos apologies if this may sound naive.