In the meantime you could reach out a few savvy investors in your area (that you come across on BP of course) and getting together for a cup of coffee. 

I capitalized on the architecture of the building and rather than gutting the place, refreshed the original cabinets, installed period-appropriate lighting fixtures, got a new stainless fridge but found a vintage Frigidaire wide-coil stainless steel cooktop and installed a new stainless 18" dishwasher (where there previously was no dishwasher at all).  

The numbers were as follows: Purchase price $75,000, Repair Budget $52,000 consisting of new windows, roof, AC, appliances, flooring, vanities, paint, fixtures, lighting, landscaping etc.  

But you have lawn care, tornadoes and thunderstorms, snow removal, painting, high property taxes, high insurance, state income tax, high turn over, old fixtures, structure, appliances, plumbing, electrical, roof, etc etc etc. 

No investment strategy, and I do mean NONE, can hold a cup to the power potential in utilizing AAA Strategy with Pyramiding.

We retiled the fire place surround, oiled and conditioned all the wood paneled walls, and replaced all lighting fixtures.

It's called a fixture lien and you need to have the seller call the SC and have that temporarily removed for the purchase or refinance if you choose to in the future. 

Does it just need new flooring and paint or does it need new bath fixtures, appliances, cabinets, windows, and a furnace?

Seems His path wealth isn’t my cup of tea and its realtor -based California thinking .

I make sure to grab a cup of coffee there on almost every visit.