You might contact some local charities to see if they can offer some emergency assistance to your tenants.

That is a huge problem when you have to replace studying or get to plumbing and it's actually on your neighbors property line.

I have a similar situation and am just beginning to study our real estate options.  

I have been doing a lot of research and studying.

Obviously this assumes that there aren't major infrastructure items to be addressed (ie. functioning roof, furnace, hvac, electrical, plumbing etc), but the projects that come to mine for me are painting the interior, granite counters, flooring, and prefab bathroom vanities.Anyone have their list or case studies that they care to share?

Since you are a first time buyer (Newbie Investor) try NACA it's home buying program that make the home buying process affordable even in NYC, there program offers all type of assistant and their interest rates are always a% lower than whatever the interest rate are.If you decide to go through NACA for your first investment they are not going to allow you to flip,part of the terms is that you must use the property of choice as your primary residence,however you can purchase multifamily.

Where here ONE title company and escrow officer and their escrow assistant handles buyer and seller.. so they are totally on top of it and it runs frankly pretty smooth it also helps that we have state of the art title plants I get a title opinion or what we call a Pre lim in 24 to 36 hours and can get one same day if I want and I don't have to pay for them unless I close...

If you have some more details I might be able to point you to someone who can assist.

STUDY, STUDY, STUDY.Once you find the cash buyers, find out what they typically look for and how much they typically pay for that type of property.  

Don't study too much the night before.