It seems like it could have amazing value if fixed properly and is in a nice area where other homes are currently being fixed and built.Any input or guidance on how I can turn this discovery into something meaningful I would be glad to hear it.

Having to deal with that potential issue would motivate me to just make it all as new and proper as possible.

You forgot important clauses:- This contract is subject to my partners approval.Every wholesaler / buyer does their best to properly price a purchase.

That is probably best way for you to approach this all right now until you understand more about the asset class and are prepared to really structure this sort of enterprise properly.   

Some are not in great shape, but could be if managed properly.

I say thank the tenant for the call and get yourself or someone over there for an hour's worth of labor to caulk under the sink and make the drawer work properly.  

You don't appear to have a properly prepared contract for deed agreement.  

If you have reserves you have confidence, and time to properly qualify tenants (weed out the bad ones) and ask the one that somehow turned bad on you to leave your rental unit as soon as you think it needs to be done so you do not compound problems with differed maintenants!

Any advise in closing deals on your own (with the proper advisers) would be appreciated.

Not only can they include verbiage to protect your purchase transaction, they can also verify that proper procedures have been followed, proper Notices given, and letters testamentary have indeed been issued; which means that those with standing to object have been given their opportunity to do so, and either agreed to the sale, or their objections have been quashed.I am perhaps more sensitive to the importance of using counsel whenever dealing with probate purchases because I lost significant capital on a $2.5 million purchase literally at closing when one of the previously unnamed beneficiaries served an injunction to stop the sale.