Then its a matter of finding the best condition property, for the cheapest price.  

I roof here, a driveway there, an HVAC system there, a foundation repair elsewhere could eat through that easily.I would assess the condition of all major systems on each property and plan to have enough cash to replace each of them at the end of their useful life with some cushion for emergencies. 

I'm hiring an HVAC tech to check it and make sure it's in solid condition ahead of the winter season and ensure my tenants are in good shape and can stay warm. 

Is this to evaluate the condition of the house for cost of repairs?

If you're looking at a fixer you won't be able to use an FHA loan as they are super strict about the condition of the property at closing.

That is in the properties current condition.

Future repairs and maintenance (R&M) are funded by the reserves of $250+/- per unit/year, depending on the location and condition of the property. 

Likely will get sued as medical conditions such as late stage AIDS, etc. that prohibit vaccinations ARE a protected class. 

You're required to live there for 2 years, but you're allowed to break that condition if certain conditions are met.

Investing with sponsors who have a proven track record and who prioritize capital preservation helps ensure that they will protect your investments and do what they say they’re going to do.Changing market and economic conditions are always a risk.