You might consider Niche or Specialized Housing like student or medical housing.

If your lender or attorney wants special add on packages the seller generally makes the buyer pay for those.  

If you are soliciting investors, you will need a securities lawyer to prepare the proper documents to ensure you are exempt under Rule 506 of Section D of the Securities Act.

Ask for Mary Martinez, she specializes in investor transactions.

Can't make any decisions until the property if fully evaluated to see what repairs are needed and the costs of bring it to its full ARV value.We all would do different things depending on our personal goals and ability to finance it.If you are just getting started and have no money for a 25% down payment,wholesale it to someone who does and is prepared to fix the property themselves.If you have the cash,keep it and rent it out for higher rents after you make the repairs.Wholesaling won't get you much money for this property,too cheap.I wouldn't give you more than $1500.00 but others might go to 2 or 3k.It really depends on your current financial situation and real estate goals for the next two years.

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbooYou might consider Niche or Specialized Housing like student housing.

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookYou might consider Niche or Specialized Housing like student housing.

You also need to be aware that HOAs can and do make special assessments.

I would strongly suggest you hire an attorney that specializes in evictions, as I once learned the hard way.

I've worked with Williams, Zinman & Parham:https://wzplegal.com/They are an AZREIA sponsor, specialize in RE investing and the attorneys are investors themselves.