There is a 1/2 bathroom in the basement that i will like to do as well as long as it stays under my budget. 

I try to stay away from the larger property managers and focus on the small landlords who are going through an eviction.  

Feel free to message me if it needs to stay private.

Stay above board on everything.

Since I was in Texas and planned on staying there I found out that I was qualified to take a real estate broker license test and get a license so I took the test and got that license but I never did that full time.  

You still have to drop your fee in there so it needs to come down to $510k at most if the house is completely rehabbed, updated, "move-in ready".If it's not, which it's probably not...$650k x 70% = $455k$455k - $10k for minimal work = $445k$445k - $7k your desired fee = $438k$438 is the MOST you should pay, and that is assuming very light rehab. 

The title will be transferred to me and the current loan and insurance will stay in his name.  

I don't care either way as I think he intends on staying for a while but even if he left, the unit is very nice and he's very very neat so it would rent for the same price in a minute. 

Again, a simple fix can be updating the faucets in both the bathroom and the kitchen.5.

The goal is to find someone who would want to stay beyond a year.