Repair the items that came up from the inspection report. 2.

In some states the lease automatically ends with the death of a tenant, but in others it continues and the estate is liable for the rent.If the lease terminated, contact whoever is handling the estate and arrange the removal of the items.

What are some due diligence items I should request or be aware of?

You will have to be approved to carry two mortgages as well from a lender if you will be doing this the traditional financing way.

You could buy with a 70% LTV loan, and have the seller carry just 15% in a second position (some lenders will do this, but not all).

Make sure they know during the application process items such as this that are their responsibility.

If you could answer those items I think we could provide some specific recommendations.

Assume 600 sf per unit. 1200 sf*$6 sf = $7200 /10 year life span/ 12 months in a year= $60 per month for 1 item.

My personal opinion is that you don't NEED an LLC for one property, especially if you're carrying sufficient insurance to protect yourself and the property. 

As they are checking the property, we make it a point to see how they carry themselves.