New ones in my area generally run about $10K to replace.

The home needs a roof and siding replaced to make it look presentable, the inside has already been inspected and approved for tenancy.I have 16k cash on hand, how would it best suit me to proceed with the financing to benefit cash flow and taxes?

If the place has a bad reputation, 342 units is a lot of tenants to cycle through and replace, and you will need to do something pretty dramatic to get stronger tenants into the community while the majority of old tenants remain.Thus, rather than think about gentrification, you should assume that the area will stay the same, and focus on getting the property for a price where the current cash flow provides the return you desire.  

If you hold this property long enough, EVERYTHING will have to be repaired / replaced.  

It's a matter of replacing the drywall, maybe baseboards & painting once you remove the cause.

The fee can replace your funds too.When you assign a contract and the consideration is paid the grantee or buyer is entitled to the contract, so yes, they get the buyer's copy and original with the assignment.

I had to replace 30 ft of sill plate recently on a two story house built in 1914.

The fire department came and turned the water off.We had just put new carpet in the first floor and new paint, so the next day or so had a guy come out and replaced the new carpet again and another guy replaced the burst pipe and put in a dry wall and paint the bathroom since that is where the pipe burst from.I wanted to file a claim with my insurance company but the agent told me not to file a claim with the insurance company since then the insurance company will know about it and the buyer agent can find that out and it would detract from the value of the house.Almost 4 months had gone by and I wasn't happy with him since he never contacted me and keep in the loop with what is going on other than a website he gave me a link to and a password to check what is going on which he hardly updated.

We have a good quality blue carpet in the home currently and are trying to decide whether to keep it, replace it with a more neutral color or replace with some form of wood flooring, laminate flooring or tile flooring throughout.

Two walls, carpet need to be replaced from the flood in addition to fixing the leaky roof.I am interested in the house to buy/hold and rent it out.