Just for informational posting purposes, if you think the tenants have damaged the property, or if you know you want to sue for the past due rent at the time you are filing your eviction, you can file a Count I and a Count II eviction.

Liquidated damages or specific performance?

Property needs about $15k - $20k in repairs (water heater, center flooring, appliances, w/d, demo attached wood to roof- wont damage roof, door knobs, and very minor knick knacks).

Dec. 2 (Bloomberg) -- Homebuyers seeking to take advantage of a government mortgage-guarantee program will have to put up more cash in some situations as officials look for ways to shore up finances at the Federal Housing Administration. “Down payment is one of the elements we’re looking at,†Housing and Urban Development Secretary Shaun Donovan told reporters today after a congressional hearing in Washington. “A second is the upcoming mortgage insurance premium and then other cash that needs to be brought to the table.†The FHA is also considering cutting the amount of home seller concessions a buyer can receive by half to 3 percent of the purchase price to combat inflated appraised values, Donovan told the House Financial Services Committee.

Wire moving against the roof can damage the shingles and it's a great way for lightening to be conducted to a building, it should have insulated stand offs attached to the building to hold the wire away from a roof line.

And the most important data element (for RE investing opportunities) is EQUITY %.  

If you don't want to, then tell them to do it if you are not worried about damage. 

Rental properties have elements of both an investment (the property) and a job (property management), especial if you manage them yourself.

@James Solis evictions don't report tenants that damage properties when they move out, or do other crazy things while paying rent.

Regardless definitely get all of the information and I recommend walking the place with a contractor you trust initially to get a feel for what kind of work it might need.It has some termite damage and generally a bit dated.