I am thinking I will keep this long term as I focus on improving rents, so a holding period is not a big deal as long as it is not too long. 

One had a final projected cost of about $300K per door, while another 98% occupied building about a mile away and maybe 5 years old selling for $130K a door. 

At least to get the numbers to pencil as a long term rental after moving out.Wholesaling, as you say, is the hardest path I can imagine to becoming wealthy from a standing start with no assets.

There is nothing you can do to your foundation (including fixing the crack) that will solve this level of water as a long-term solution.  

i would be purchasing the property with an FHA loan. and im also looking for solid cashflow + long term holding 

Now, I have a portfolio of Short Term Rentals and Long Term Rentals.I've also helped other investors with their DSCR loans and flip projects.

I also don't know how long-term capital decisions will be made when the majority is essentially owned by a board of directors once my dad passes away.

Im good with the number especially in the long game.

Although, it’s real estate and I am looking at keeping it in my portfolio for the long game. 🤔  

This law imposes duties on the landlord including: Abiding by any applicable housing codes (including state, city and/or county codes), and maintaining the property in a safe and reliable manner.A tenant can sue a landlord for a slip and fall as long the tenant can prove the landlord was negligent and the negligence was the cause of the tenant’s personal injury (broken or fractured bone, scarring, or another serious bodily injury).