Or, as long as the inspection checks out, is it something that is easily managed and won't cause a lot of headache in the future?

I'm a construction guy, so I'm well aware there may be deal-breaking problems with this home, and until I inspect it myself, I'm not getting my hopes up.However, what I've picked up from the REIA meetings I've attended and here on BP, this is how deals get made.

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?

Step up an become a concerned citizen.Last week we did an inspection at one of our rental houses.  

I think you should have done your inspection before you made an offer.

I am going to have a mold inspection done but, the cost of the cleanup has me concerned.

It was zero down and the seller agreed to pay closing fees, so we got into the house for a total of $500 (inspection cost).

@Carl Trent I would get it under contract for the least the seller is willing to accept, that's why we ask "What is the least you would be willing to accept, knowing that I am a cash buyer that will close quickly with no inspection contingencies and an investor that will not be living in this property and need room to rehab and turn a profit".

My only contingency is inspection.

Responsible for all maintenance and repairs, and they agree to take the property in "as-is" condition, so if they'd like to do an inspection, they need to do it before they sign papers with you.