I'm not opposed to that idea at all.

It needed full interior updating, and new paint and windows on the exterior as well as proper grading of the lot that it sits on.

Maintenance free exterior.

Plumbing looks OK.His framing #'s are low IMO and only $2500 to sheet the house seems very low but depends on building code maybe plywood and exterior gypson is not required.  

As soon as you close on a property change the exterior door locks.  

After I transferred to a broker that charged me a monthly desk fee, minimal transaction fees, and let me lower my commissions, I actually started getting decent listings as opposed to just working my butt off as a buyer agent.  

Also, as soon as you can after closing is change the exterior door locks.  

I do five year leases all the time in my commercial properties so I'm not opposed to a four year lease but by giving them the ability to break the lease at any time gives them all the control.

What kind of exterior siding do you have?

My company specializes in residential and apartment complex construction/remodel, so it is very interesting to me to learn more about the whole process as opposed to just the contracting side.