The wire mesh, needed for the stucco, had to be mechanically fastened to the brick, which will mean there is a lot of holes in the underlying brick.

You have capex listed, but $1800 per year doesnt seem enough to fund all of the floor replacement, mechanicals, roof, etc.  

Do you know the approximate age of mechanicals, roof, appliances included?

I forgot to mention that older properties almost never have sub-metered water and likely are not plumbed with "home runs" from the mechanical room to each unit.   

Yes be sure to read the agreement, it could also include non-MLS properties IF (emphasis on IF) the agent makes you aware of those properties and he/she is the reason you are interested in buying that said property.  

There could be 2nd liens on the property as well as mechanic liens, etc.

We also are in process for a studio condo we got on there, the title stuff especially using their title company requires a bit of work, even if it is the best in the area, since title is the holy grail, we're just keeping that line of communication open good relations with the title company, we have some time before the EMD to make sure the title insurance will have coverage for liens on that liens exceptions list from auction.com"Most liens are removed after a foreclosure property sale, but certain liens may remain.Here are some examples:Any lien recorded on title prior in time to the foreclosing mortgage.First Mortgage (if the foreclosing mortgage is a second or third mortgage)HOA or COA assessment liens (in certain states)Mechanic’s Liens (in some states)Government liens such as state and federal tax liens, city or county liens, US Government liens.IRS liens (IRS may buy the property within 120 days after sale at the price paid at foreclosure sale)Code Enforcement Liens, Environmental Liens, and Utility LiensChild Support Liens"There are a few folks that have gone through them time and time again.

The first thing I would do is look into their real estate emphasis for undergrads.  

I also appreciate the words of caution you gave me, the advice to find a real estate attorney who specializes in private lending (my current one does not) and the emphasis on being in the 1st position.

So now i have this vehicle and goal to work towards, it has given me renewed hope and optimism for a 'deskjob-free' life that i've always looked for.Based on the what i've read thus far, I think i will focus on Buy-n-Hold strategy for now with an emphasis on multi-family.