After a 7 year tenancy there will be wear items that will need to be replaced but, as a tenant, those are normal expenses that are the responsibility of the owner.

be mindful in a C- / D neighborhood, that fancy gadgets and gizmos may draw the attention of the neighborhood miscreants because they know when a board-up is being worked on that new items are being added inside...sounds like a great security system is needed and make a friend with a nosey neighbor, leave your card with contact info on it to keep you in the know of potential shady goings-on with the property.  

Rather than bore you with all the details, here are the numbers I came up with:$88,000 PURCHASE PRICE (They are asking 93k and the city values it at 96k)Purchase Closing Costs$2,000.00Estimated Repairs$500.00Total Project Cost$90,500.00After Repair Value$95,000.00Down Payment$17,600.00Loan Amount$70,400.00Loan Points$0.00Amortized Over30 yearsLoan Interest Rate4.250%Monthly P&I$346.33Total Cash Needed$20,100.00Vacancy:$30.00HOA:$86.00Repairs:$50.00Insurance:$23.00Property Taxes:$85.00$1,000.00 MONTHLY INCOME (Property is currently being rented til May for $925 a month, but avg. is 1,300 there.)$620.33 MONTHLY EXPENSES$379.67 MONTHLY CASHFLOW9.17% PRO FORMA CAP$8,712.00 NOI$20,100.00 TOTAL CASH NEEDED22.67% CASH ON CASH ROI9.90%PURCHASE CAP RATEAccording to the numbers I think it'd be a great investment if I could find a way to get the $20,100 I need.

In the chapter on wholesaling, he states that many wholesalers include detailed bids from contractors in their proposals to potential cash buyers.

But lets say it's not a major item to replace.

I’d just find some comps and call them and search for all the details about rents, deposits, fees, and pets.

Some custodians will claim to be self-directed but will give you a list of items to choose from.

For anyone that wants more details this is a decent overview from NPR news: https://www.npr.org/sections/alltechconsidered/2014/10/16/356693782/your-car-wont-start-did-you-make-the-loan-payment

I would need more details about how much savings you have, but usually I tell folks to keep their savings...

Fannie will give you the best rates and terms on 1-4  units) If its more than 4 units, then more details come into play?