In my opinion, these are all common issues.

I would also invest some money that you would've lost due to vacancies into, common areas, exterior and any maintenance issues that have been neglected. 

If it is piers and integrity of the structure that can get costly, but if you are getting the property for a price that works it can still make sense.If it is lesser like replacing joists and subfloor that is pretty common in the central Durham area as many houses are built pre 1970.

Right now I am semi excited about the fact that opportunities may arise but I am also cautious.

I know of a few that sell turnkeys but they are not as common as they are in other markets(extremely common in cheaper markets like Kansas City etc).

And are five bedrooms common in your area?

Some who have the room offer public working spaces or just a room to rent by the day, areas to host workshops and other events are common.

Hello everyone my name is Matt, i am new a new member of BiggerPockets, and i have a different situation, i am looking to invest in the florida market with a good mortgage or at least a normal one like a common citizen.

From what I understand of most HOA's, I'm responsible for the interior and the HOA is responsible for the exterior/common areas.

One thing that may help is a common goal that excites her.